Economist James Grant, not known for his rosy forecasting, turns roaring bull in this unlikely piece in the WSJ (subscription required).

Grant, pointing to the extraordinary stimulus provided by the US Federal Reserve, claims that the risks to growth are to the upside, and he expects the current recovery to be a "barn-burner." At a time when most investors and professionals as well, from Warren Buffett to Bill Gross, are expecting sub-par growth and a potential for the economy to fall back into recession, Grant, ever the maverick, takes a startlingly contrarian point of view.

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