A ‘Veritable Explosion’ Of New Deals: Jeremy Grantham

GMO co-founder and chief investment strategist has been arguing for months that we are witnessing the creation of an enormous asset bubble, but that it will likely run for a couple more years before it finally busts. Now he’s found another reason for the current bull market to keep running even though he thinks valuations are already too high: a frenzy of new deals.

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