Finance! Investing! Economics! Business! Stock Market! Real Estate! Market Bubble! Stock Market Crash! Jeremy Grantham Bubble! Crash! I’ve made no secret of the fact that I think the market is in a crazy state of euphoria right now, and its running on borrowed time. There seems to be a bubble everywhere we look. The housing market is now less affordable than it was in 2006, at its absolute peak. US equities are valued higher than they were in March of 2000, at the crazy highs of the dot com bubble. NFTs are being bought for $100,000 and sold a week later for $700,000. New crypto projects are popping up left right and centre, with no utility, no vision, no future, and yet they’re still being valued in the millions of dollars. But maybe you don’t want to listen to me, maybe you want to listen someone who has a history of predicting market bubbles, and if that’s the case, then look no further.
Jeremy Grantham, the founder of GMO, an investment fund that has over $110 Billion in assets under management. He’s an incredibly successful investor in his own right, but he’s built his fame by calling out market bubbles, peaks and bottoms, and doing it with incredible accuracy.
In the 1980s, he called the Japanese asset price bubble and successfully navigated his way through it. During the dot com bubble of the early 2000s, he successfully identified the bubble long before most people and led his fund through the following 2 years of turmoil. In 2006, he called the housing and mortgage market bubble, and in 2008, timed the bottom of the market almost to the day. He’s built up a reputation as a man who understands bubbles, greed and euphoria, and is able to predict them, with frightening accuracy.
Right now, he is warning us all of the greatest bubble to ever exist. You heard that right, not only is Grantham sure that we are in a bubble, but he believes that it is larger than the dot com bubble, the bubble of 1929, and even the South Seas Bubble. Thankfully, Grantham is no hermit, he’s no stranger to a camera, and he’s more than happy to tell us all what he’s thinking, to make sure as many people as possible are prepared for what is coming, and that’s what you’re going to hear today.
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