08-17-2018, 02:28 PM
(08-17-2018, 02:20 PM)Millhouse Wrote: There is one possible side effect from Trump's trade wars and tariffs he started up this year. And it is a positive one too.
Grantham does not say it is "positive"
While many pundits have decried Trump's trade escalation as heavy-handed and potentially damaging to the global economy, in an ironic twist of fate it may have saved the US market from a painful explosion.
But to hear Grantham tell it, that may not have been such a good thing.
"It's a pity, because we know how great bull markets and great economies end," he said. "They traditionally end with a melt-up and a blowup. What about when that doesn't happen? Who knows? We have no experience of a decadelong bull market fizzling out. Here we are, in no-man's land."
