Recently, veteran fund manager Jeremy Grantham made headlines for suggesting US markets could be in a bubble. He wrote that we should brace ourselves for a possible near-term melt-up. And then Grantham detailed how much of a melt-up would be enough to confirm a bubble.
The interesting bit was his recommendation that investors rotate out of the US stocks. The market veteran says US stocks offer a poor relative value. Instead of US stocks, Grantham recommends investors increase their allocation...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.