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Is Asset Meltdown Beginning?
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Is Asset Meltdown Beginning?
by roccman » Thu 14 Jun 2007, 09:49:50
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
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roccman - Light Sweet Crude
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Re: Is Asset Meltdown Beginning?
by roccman » Thu 14 Jun 2007, 09:58:03
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
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roccman - Light Sweet Crude
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Re: Is Asset Meltdown Beginning?
by mlit » Thu 14 Jun 2007, 23:22:21
$this->bbcode_second_pass_quote('', 'J')une 14 (Bloomberg) -- Jeremy Grantham, chairman of Boston- based investment firm Grantham, Mayo, Van Otterloo & Co., suggested earlier this year that the world was witnessing ``the first truly global bubble.''
Bubble Porn
Bubble Porn
It shocked me to see such doom coming from Bloomberg so I looked up this Grantham person
$this->bbcode_second_pass_quote('', 'W')hile euphoria sweeps stock markets here and worldwide, there are at least a few voices of dissent.
One, unsurprisingly, is legendary value investor Jeremy Grantham -- the man Dick Cheney, plus a lot of other rich people, trusts with his money. Grantham, chairman of Boston firm Grantham Mayo Van Otterloo, has been a voice of caution for years. But he has upped his concerns in his latest letter to shareholders. Grantham says we are now seeing the first worldwide bubble in history covering all asset classes. The Whole Worlds a Bubble
An Optimist is eventually wrong, A Pessimist is eventually right.
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