Grantham: The essence of every bubble is wonderful fundamentals, euphorically extrapolated

Jeremy Grantham sat down with Consuelo Mack at WealthTrack to expand upon his recent bullish comments about the US markets.  However, far from being bullish, the essence of Grantham’s comments were bearish. He suggested investors should expect a couple of percent real return in US equities over the next couple of decades. The veteran investor also made bearish comments about the US bond market. His advice is to rotate out of US equities and pile into emerging markets, as much as you dare.

It ...

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