Jeremy Grantham: 3 Most Important Bubbles Corrected to 50% Below Fair Value

By on October 19, 2008

Jeremy Grantham has been in the news a lot lately. He knew trouble was headed our way because of a worldwide bubble in all asset classes. He just didn’t know when it would burst. Now that it has, the question is how far down do we go. The history of the three major equity bubbles (U.S. 1929 and 1965; Japan 1989) is not comforting.


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