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‘Mean Aversion’: Why Grantham’s GMO Thinks The US Stock Bubble Is Bursting
US stocks screamed higher on Friday morning amid the latest trade trial balloon headline which this time revolves around the prospect of Beijing going on what Bloomberg describes as "a six-year buying spree to ramp up imports from the US."
That's according to "officials" who claim the sweeping offer, delivered during what everyone thought were largely fruitless negotiations in Beijing earlier this month, would entail China buying some $1 trillion in US goods over a half-dozen years with the ult
GMO link doesn’t work
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/is-the-u-s-stock-market-bubble-bursting-a-new-model-suggests-'yes‘.pdf?sfvrsn=5