James Grant (finance)

James Grant
Born (1946-07-26) July 26, 1946
New York, New York
Alma mater Indiana University
Occupation Writer, publisher
Spouse(s) Patricia Kavanagh

James Grant (born 26 July, 1946)[1] is an American writer and publisher. The founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets, he is the author of Money of the Mind (1992), The Trouble with Prosperity (1996), John Adams: Party of One (2005), Mr. Speaker: The Life and Times of Thomas B. Reed, the Man Who Broke the Filibuster (2011), and The Forgotten Depression (2014) among other works.

Personal life

Grant served as a Navy Gunner's mate, graduated from Indiana University, and received a master's degree in International relations from Columbia University.[2]

He is married to Patricia Kavanagh, M.D., a neurologist, and lives in Brooklyn Heights, Brooklyn. They have four children.[3]

Journalism

He began his journalistic career at the Baltimore Sun in 1972 and joined the staff of Barron's in 1975. He founded Grant's in 1983.[2] Success was some time in coming. "A critic complained that Money of the Mind, my . . . history of American finance, was like an account of the interstate highway system written from the point of view of the accidents," Grant wrote in Minding Mr. Market (1993). "The same might be said, both fairly and unfairly, of Grant's. Where most observers of the 1980s emphasized the rewards, we dwelled mainly on the risks. In the junk bond, in the reckless patterns of bank lending, in the dementia of Japanese finance, in the riot of the Treasury's borrowing, we saw not the bull markets of today but the comeuppance of tomorrow."[4]

However, the publication's signature skepticism served it, and its readers, better in the 2000s. Mr. Market Miscalculates (2008), a collection of Grant's articles published over the preceding 10 years, elicited an appreciative review in the Financial Times. "If Grant could see what was happening this clearly," wrote John Authers of the staff of the FT, "and warn of it in a well-circulated publication, how did the world's financial regulators fail to avert the crisis before it became deadly, and how did the rest of us continue to make the irrational investing decisions that make Mr. Market behave the way he does?"[5]

2012 election

Ron Paul named Grant as his likely candidate for Chairman of the Federal Reserve to replace Ben Bernanke whose term expired in 2014.[6]

Bibliography

References

  1. ↑ American Book Publishing Record, Volume 44, R.R. Bowker Company. Bowker., 1995. Pg. 300 provides a birth date of 1946 under the book record for Minding Mr. Market.
  2. 1 2 "About James Grant". Grant's Interest Rate Observer. Retrieved August 21, 2011.
  3. ↑ "Patricia Kavanagh, M.D.". Retrieved August 21, 2011.
  4. ↑ Grant, James (1993). Minding Mr. Market : ten years on Wall Street with Grant's interest rate observer (1st ed.). New York: Farrar Straus Giroux. pp. xiii. ISBN 0-374-16601-3.
  5. ↑ Authers, John (November 24, 2008). "Profit from the Prophesies of Doom". The Financial Times. Retrieved August 21, 2011.
  6. ↑ Baier, Brett (October 26, 2011). Special Report Online: Ron Paul (Television production). Fox News. Retrieved October 27, 2011. He's an Austrian economist, he has experience on Wall Street, he's brilliant, he's a good historian, he would quit printing money.
  7. ↑ Rollyson, Carl (March 9, 2005). "Biography as Sheer Narrative Force". The New York Sun.
  8. ↑ "Nonfiction Review". Publisher's Weekly. Retrieved March 24, 2011.

External links

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