Waiting for Bubbles to Burst
John Maudlin has republished two papers this week. The second one is a recent essay by Jeremy Grantham (which you can also find on his GMO website (registration required).
The title of Grantham’s piece is “It’s Everywhere, In Everything: The First Truly Global Bubble (Observations following a 6-week Round-the-World Trip)” and provides a warning to just how connected everything is becoming. You can almost see the forming of the “lines of instability” that John talked about last year. The hypothesis is that the longer things remain stable, the more interconnected everything becomes so the smallest trigger can become the cause of massive disruption.
This entry was posted by David on May 1, 2007 at 10:52 pm, and is filed under Investing. Follow any responses to this post through RSS 2.0.Responses are currently closed, but you can trackback from your own site.