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Comment by vitaflo | Hacker News Reader

Grantham’s track record is hilariously poor. He’s basically been saying the bubble is going to pop for the past 10 years. Eventually he’ll be right.

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The only thing we know for sure is no, it’s probably not different this time.

I don't think that's true. He's been saying the market is high and will pop one day for a good part of the last 10 years but this is the first letter in that period to say it's popping. His record compared to other predictors is very good.

We are fourteen years into an extraordinary boom in asset prices and fourty years into the bond bubble because boomers are frankly greedy and want to pillage as much of their respective country's wealth before they die.

However, the only thing stopping them, the only boomer boogeyman that has ever existed (other than maybe WWIII) has come out of the woodwork: inflation. And now it is somehow still "bears are wrong lol cassandra lol" or whatever? You have to be kidding me.

I'm confused. How does owning bonds translate to people over the age of 58 being greedy?

It must be really convenient to live during a time where your generation have large-scale control of media, politics, and the economy from when they turn 25 until they retire, conveniently inflating financial markets and selling the future of your children's generation so that you can retire early and spend more than your fair share of society's wealth on things that don't matter, just because you were jealous of your parents, who were actually needed in a time of real crisis.

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