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James Grant : Market Monitor Interview
Submitted on 07/06/2008
Paul Kangas of Nightly Business Report interviews James Grant, Editor of "Grant's Interest Rate Observer". Grant says "The consumer is hard-pressed, Paul. He and she have been about the worst short sale in the history of finance. American consumers have spent through thick and through thin, especially it seems thin. These days they are very over extended and I expect them to do much less spending and much more savings. "
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