'Very painful': World heading for bust 'unlike any other', says Jeremy Grantham Legendary investor Jeremy Grantham says the US Federal Reserve is killing the recovery of the world's biggest economy and the ''next bust will be unlike any other''. Mr Grantham the cofounder and chief investment strategist at the $US112 billion ($123 billion) Boston-based fund manager GMO said he wouldn't invest his clients' money in US stocks for at least the next seven years because of the Fed's ''misguided policies''. Mr Grantham has an impeccable track record, having called both the internet bubble and then the US housing bubble. In November he said he believed the US sharemarket could rise another 30 per cent, although he believed it was overvalued, before crashing again. http://www.smh.com.au/business/mark...ther-says-jeremy-grantham-20140325-35f34.html
Second topic underneath yours http://forums.silverstackers.com/to...-world-heading-for-bust-unlike-any-other.html
I was out bush yesterday so missed the thread. It popped up for me in the Herald this morning. I should have picked the eyes out of yesterday's comments and presented them as my own!
So, he doesn't want to invest in stocks for the next seven years but believes that stocks could still rise by 30%. OK.