Puzzle Financial Advice

Australian Financial Service Licence 230050

www.puzzlefinancialadvice.com.au

Jeremy Grantham 27/2/2012 "Believe in history. History repeats. All bubbles break. Be patient and focus on the long-term. Wait for the good cards."

What works for investors. https://www.puzzlefinancialadvice.com/what-works-for-investors

Independent financial planning advice for experienced investors

Chart of US debt 1915-now

Chart US total debt/GDP since 1915-now. Current debt bubble is biggest in 150 years.

US CAPE10 from 1870

US cyclically-adjusted price/earnings ratio 1870-now.

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Independent financial planning advice for experienced investors

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