And it’s that time of the year where one must read GMO’s latest quarterly letter, this time you’ll find:

  • A discussion on long term bonds, overall asset allocation and how the current pricing in the market reflects future expectations (which appears to be nuts!)
  • That US Equities should approach Bubble status given the “strange, manipulated world” that markets currently exist in.
  • Feeding the peak population

All in all, its the usual fascination quarterly letter, see below for the link to the letter

GMO 1Q15 Quarterly Letter

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