If you saw dark clouds drifting from St. Charles last week, they were probably coming from the dreary mood at the CFA Institute’s annual investment seminar for professional investment managers. Every year, the respected chartered financial analyst investment education group brings money managers from around the world together in the Chicago area and exposes them to provocative thinkers on investment strategy and market conditions. And with most of the world’s stock markets down 20 percent or more from their highs, economies slowing throughout the world, and a credit crisis toying with the flow of money, this year’s speakers were gloomy. “I am officially scared,” GMO investment manager Jeremy Grantham told professionals from as far away as Abu Dhabi and Malaysia. “In 2000, we had a technology bubble. But this is massive, a massive credit crisis and a bubble in global housing, global equity and global land.” More
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July 30th, 2008 at 3:13 pm
[…] [Technorati] Tag results for finance wrote an interesting post today onHere’s a quick excerptIf you saw dark clouds drifting from St. Charles last week, they were probably coming from the dreary mood at the CFA Institute’s annual investment seminar for professional investment managers…. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] […]