| Jeremy Grantham, the co-founder of global investment firm GMO, is captivated by market bubbles. He has predicted a number of market bubbles during his 40-year investment experience, including the Japanese equities and real estate bubbles of the late 1980s, and the technology bubble of the late 1990s.
It was only last year he made headline news by predicting a housing bubble for the Australian market. However, this time around, Grantham is hard pressed to predict a commodities bubble. Instead, Grantham found a fundamental shift in the market that he says "is the most important economic event since the industrial revolution"..............................................Full Article: Source
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