James Montier on the bond bubble
GMO’s James Montier has added his two-penneth to the bond bubble debate. He reckons it is a largely sterile conversation because what investors should be asking themselves is whether bonds are a good...
View ArticleNight of the Living Fed
It’s not just FT Alphaville’s Tracy Alloway who is a dab hand with the MS Paint programme. GMO’s Jeremy Grantham is also good.Continue reading: Night of the Living Fed
View ArticleGrantham comes nose to nose with a paradigm shift
GMO's Jeremy Grantham reckons we are witnessing the most important economic event since the Industrial Revolution, reports FT Alphaville. "From now on, price pressure and shortages of resources will be...
View ArticleThe Grantham manifesto
Albert Edwards has a soul mate — GMO’s Jeremy Grantham. Like the SocGen strategist, he too is worried about the massive transfer of income to the very rich that has occurred and has been tolerated only...
View ArticleEuropean banks ‘need tons of money’, says GMO
In a note released on Tuesday, GMO, the global asset management firm headed by Jeremy Grantham, writes that ”European banks need tons of money” to correct capital shortfalls. This much, we know. But...
View ArticleStocks hit fresh six-month highs
Global stocks hit a fresh six-month high and demand for government bonds eased amid hopes for a worldwide economic recovery, the FT reports. Gains were limited though, as lack of an agreement in Greece...
View ArticleSmart beta-blocking
We are big fans of index tracking, particularly for those cash strapped and socially sensitive large pension funds, and we are far from alone: passive is massive for a reason. But where there’s a fee...
View ArticleThe foie gras bubble
James Montier of GMO is the subject of the latest Welling on Wall Street newsletter, a weekly long-form interview conducted by Kate Welling. Montier, ever the bear, doesn’t like the negative expected...
View ArticleThe absence of skill
A tongue twister: Peter Piper picked a peck of stock pickers; The pick of picking pickers Peter Piper picked; If Peter Piper picked the pick of stock pickers, Who’s the pick of picking pickers Peter...
View ArticleCentral banking: just when you understand it, it changes
Ask most monetary policymakers how they think about their job and the conversation generally goes like this: There is “an equilibrium interest rate” that somehow balances out the desires of savers and...
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