In this manic era of meme stocks, cryptocurrencies and real-estate bidding wars, studying the history of financial markets might seem a little dry and old-fashioned.
The chairman of the board of famed asset managers GMO is a certified bubble-ologist, fascinated by how and why bubbles emerge. Grantham studies classic ones like 1929, but - now in his eighties - he has also lived through numerous modern booms and busts, including the dot-com wreckage in 2000, the bull market peak in 2008 and the bear market low in 2009.
My favorite metric is price-to-sales: What you find is that even the cheapest parts of the market are way more expensive than in 2000.A: Markets peak when you are as happy as you can get, and a near-perfect economy is extrapolated into the indefinite future. But around the corner are lurking serious issues like interest rates, inflation, labor and commodity prices. All of those are beginning to look less optimistic than they did just a week or two ago.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Tokyo 2020 Covid bubble bursts as cases rise in Olympic athletes villageOrganisers insist games can go ahead with “proper measures” but a prominent public health expert warns “bubble system is kind of broken” and infections can spread to the local community.
Weiterlesen »
Irish gymnast leaps on cardboard beds at Athletes Village to bust 'anti-sex' mythIrish gymnast Rhys McClenaghan has debunked the idea that the cardboard-framed beds for athletes in the Tokyo Olympic Village were not strong enough to withstand vigorous activity and were therefore 'anti-sex' - by recording himself leaping up and down on the one in his room.
Weiterlesen »
Woman Gets Herself Busted After Commenting on ‘Most Wanted’ Post About HerA woman in Tulsa, Oklahoma got herself arrested after commenting on police's 'Most Wanted' Facebook post.
Weiterlesen »
Collin Morikawa makes history with Open win after dramatic final roundAmerican Collin Morikawa comes from behind in the British Open's final round and makes history by winning the golf tournament
Weiterlesen »
Nordstrom's Anniversary Sale: 17 can't-miss early access dealsNordstrom's Anniversary Sale: Olaplex, BaubleBar and more can't-miss early access deals
Weiterlesen »
Marketmind: Freedom day on Love IslandA look at the day ahead from Julien Ponthus.
Weiterlesen »