Doomsayers: it could all turn ugly again: "FOR A doomsday scenario two years after the Australian sharemarket hit its post-crisis low, look no further than some of America's leading investment gurus.
Bill Gross from Pimco, Jeremy Grantham from GMO and hedge fund investor Marc Faber all seem to have a bad feeling about what is happening. Mr Grantham branded the latest round of money-printing by the US Federal Reserve, also known as quantitative easing, as ''The Night of the Living Fed''."
Wednesday, March 9, 2011
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