Posts Tagged ‘Jeremy Grantham’

“We have not lost wealth, but just the illusion of wealth.”

April 10, 2009

So says Jeremy Grantham in his January 2009 investment letter.

I’d like to add a Battlestar-style “So say we all” and end the post. Unfortunately, politicians are doing their damnedest to recreate the illusion of limitless credit by borrowing even more.