Market Strategist Discusses 'Super Bubbles' Bursting — Warns of 'Outrageously Consequential, Painful Effects'
Grantham criticized the Federal Reserve for repeatedly causing asset bubbles. He noted that he was not surprised by the recent collapses of major banks. He compared the present economic situation to that of 2000, emphasizing that back then, “the economy had a gentle recession” without any real estate or debt markdown issues.
The trouble with this bubble is it’s an everything bubble. We have bubbled the important and dangerous housing market to record prices. We bubbled the bond market to levels that had never been seen in the history of man with the lowest rates ever recorded.
I need more specific super buble things
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