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http://www.moneynews.com/mktnews/billionaire-yellen-market-collapse/2014/07/21/id/583962/
TOGO W/ Post #538
The article dives into infomercial territory, but the points are valid:
http://www.moneynews.com/mktnews/billionaire-yellen-market-collapse/2014/07/21/id/583962/
TOGO W/ Post #538
The article dives into infomercial territory, but the points are valid:
Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen.
That’s the message from Jeremy Grantham, co-founder and chief investment strategist of GMO, a Boston-based firm with $117 billion in assets under management.*
Grantham pulls no punches when assigning responsibility for the coming financial carnage. In a recent interview with The New York Times, he calls Federal Reserve Chair Janet Yellen “ignorant” and says the Federal Reserve all but killed the economic recovery.*
Grimly, he adds, “We have never had this before. It’s going to be very painful for investors.”*
Grantham isn’t the only one worried about a market collapse.*
“We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it."*
Billion-dollar investor Warren Buffett is rumored to be preparing for a crash as well. The “Warren Buffett Indicator,” also known as the “Total-Market-Cap to GDP Ratio,” is breaching sell-alert status and a collapse may happen at any moment.*