> The same James Grant that predicted the junk bond meltdown, the same James Grant that predicted the dot-com bust, the same James Grant that predicted the housing crash, the same James Grant that predicted the meltdown in Chinese resi..

He's a permabear. When you predict (for possibly years) that things will go down, and then they finally do...

> The macro is only part of what they do.

Macro/monetary is the focus of this discussion.

> When you are read by pretty much every hedge fund manager in the world, when they will pay $2.5k to come to your conference, and $1.3k/year for a subscription...you are doing something right

Robert Kiyosaki (of Rich Dad, Poor Dad) also charges quite a lot and is financially successful. Is he doing something right? :)