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Pragmatic Capitalism

Capital for Living a More Practical Life

GRANTHAM: THE FED IS BLOWING THE LAST BUBBLE

Jeremy Grantham was interviewed on CNBC today and he is increasingly pessimistic about monetary policy.  Grantham says the Fed does little more than manipulate markets:

“The Fed has spent the majority of the last 15 years manipulating the market”

Grantham is concerned that the Fed will succeed with QE2 and that it will ultimately result in one massive bubble.  The full interview is attached below:

Source: CNBC

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