Jeremy Grantham: “This one [bubble]… a decline of a different nature”
Great interview with investing legend and one of the best bubble spotters out there.
- “I arrived in 1964, and America was a fairly equal place with fairly rapid mobility between socioeconomic classes,” Grantham told CNBC’s Wilfred Frost. “Now it’s worse than the U.K.”
- Grantham also said the wealth inequality in the U.S. is approaching that of countries like Brazil and Chile.
We wrote about the nature of this bubble and how the decline would be different thah past bubbles, which is the Grantham’s main thesis,
This asset bubble is different.
It is larger, encompasses almost all asset classes, may inflate much further, will likely last longer than many expect, and will be harder to burst because the global central banks have taken $13-15 trillion in assets out of the markets, creating artificial asset supply shortages, and repressed interest rates to zero or below. Leaving few alternatives but to chase risk assets. – Global Macro Monitor, September 2017
Click here for the full interview
Source: https://global-macro-monitor.com/2019/03/07/jeremy-grantham-this-one-bubble-a-decline-of-a-different-nature/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).