James Grant Discusses Markets, Fear and Identifies Market Bargains
-- What is attractive in this uncertain macro economic environment: There is trouble but there are opportunities as well from trees, from raw land to equities.
-- Fear is overpriced in the market.
-- On the U.S. - Though European central banks continue to expand, the U.S. Fed is out of the limelight and continues to shrink its assets.
-- Attractive equities: Invest in Google (GOOG). He called it the most valuable company in the world that possesses the keys to the world's stock of knowledge, like Blackstone Group (BX).
Here is the video: