Grantham: Bernanke Policies will Lead to U. S. Collapse

By on June 19, 2010

At a meeting in Australia on Wednesday, Jeremy Grantham commented on the Chinese real estate bubble, implying that they will successfully resist a collapse. Grantham reasoned that the Chinese have made larger down payments, therefore there is less risk of a U. S.-style price destruction.

Grantham also commented on the monetary policy of Fed chairman Ben Bernanke, saying it will lead to a collapse in the U. S. economy at some point.

Source: TopNewz

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