Jeremy Grantham’s world of Super Bubbles has no soft landings
Federal Reserve policy has been a “horror show” ever since former Chair Paul Volcker stepped down in 1987, resulting in a series of bubbles and crashes, according to Jeremy Grantham, the co-founder of investment firm GMO.That’s why the stock market is now in what 84-year-old Grantham calls a “meat-grinder” phase, arising after a super bubble … Read more
