| 29.01.2009 Opalesque Exclusive: As US stimulus plan passes first hurdle in House vote, GMO`s gloomy Grantham worries about the “yes men” on the Obama financial team and warns of possible new lows in equities |
| The Opalesque Team: “We are deep in the pickle jar and it seems likely that, in terms of economic pain, 2009 will be the worst year in the lives of the majority of Americans, Brits, and others,” states a gloomy Jeremy Grantham in his January 2009 Quarterly letter released by $107bln investment management firm GMO. As he points out the write down of perceived wealth equal to one and a half |
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