#1 Billionaire Warns: Yellen Collapse ‘Will Be Unlike Any Other04-05-2014, 08:32 PM
Posted on Friday, April 4th, 2014 at 10:34 PM.
by: Santo Lippo
By Janet Yellen
Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen.
That’s the message from Jeremy Grantham, co-founder and chief investment strategist of GMO, a Boston-based firm with $117 billion in assets under management.
Grantham pulls no punches when he discusses who he holds responsible for the coming financial carnage. In a recent interview with The New York Times, he calls Federal Reserve Chair Janet Yellen “ignorant” and said the Federal Reserve all but killed the economic recovery.
04-06-2014, 10:15 PM
He may be right, he may be wrong (I rather agree that the Fed's methodology for money printing has suppressed recovery, though a lot of it is also due to pro-welfare and anti-growth Administration policies), but if you predict disaster long enough, eventually you'll be right.
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