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