Salient to Investors:
Jeremy Grantham’s GMO claims that of the 36 major bubbles it says it tracks, 33 have completely popped, or returned to their prior trends.
GMO’s more recent predictions, the Australian and UK housing market bubbles, have yet to pop. James Montier at GMO says investors are being force-fed higher risk assets at low prices, a product of central banks’ loose monetary policies.
Read the full article at http://qz.com/111094/this-fund-tracks-36-bubbles-and-33-have-completely-popped/
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