Monday, April 19, 2010
Jeremy Grantham on Financial Bubbles - Excellent!
Jeremy Grantham states - "Bernake has happily picked up the mantle, and seems totally unconcerned about creating another bubble. He has got interest rates so low, banks can't possibly not make a fortune, savers are being penalized, anyone who wants to buy cash faces a painful experience... so we are all tempted into speculating, which is apparently what he wants and we have just had one of the great speculative rallies in history second only to 1932-33." Watch the complete interview here.