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MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE

25 January 2010 by Cullen Roche 1 Comment

Jeremy Granthma of GMO has just released his must read quarterly update.  He loves the recent Volcker rules, says the Fed is playing with fire and that the market is only worth about 850 on the S&P.

Source: GMO

Cullen Roche

Cullen Roche

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Comments
  • Paul

    I’m a big fan of Grantham–and I agree a 1000% with his take on the role of the financial industry in the production of this crisis. There’s no question that the banks have started to allocate a ridiculous portion of rents and profit for themselves–and that it’s time for the guillotine to bring them back into line.

    01/26/2010 at 7:21 AM