Business
Jeremey Grantham of GMO says pessimism termites are eating the markets, writes Chanticleer – The Australian Financial Review
Notorious bear Jeremy Grantham worries several highly speculative pockets of the market have already peaked and the ‘pessimism termites’ could eat away at broader…
His concern covers a broad sweep of asset classes.
Bond markets have never been this high in the history of man. Property is suddenly pretty bubbly in almost every market in the world. Equities are overpriced across the developed world but heroically overpriced in the US.
It wont take bad news to bring this down, it will take a slightly less optimistic outlook than we had last week.
Jeremy Grantham
This world of rising asset prices might look fantastic, but it really only benefits retirees who are…
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