James Montier: “The Market Is Overvalued By 50%-70%” And “Nothing At All” Is Attractively Valued

imageWall Street’s cheerleaders in the media have been pumping pointless “hope and optimism” for too long. There is a hidden increase in the rate of devaluation of the dollar, bankruptcy and insolvency of governments, low interest and printing. Nothing bursts bubbles like fast moving money. True market gains and losses must be weighed against those factors as well.

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