Investor Jeremy Grantham warns of impending market bust and bleak outlook for stocks.
TL;DR Summary
Jeremy Grantham, the famous investor who predicted the dot-com crash in 2000 and the financial crisis in 2008, warns that another epic bubble in financial markets is bursting, and the turmoil that swept through the banking sector last month is just the beginning. He sees uncomfortable parallels between markets today and 2000, when an explosion in the price of tech stocks was followed by a dizzying crash. There are also echoes of 2008, when a painful comedown in the US housing market almost broke the banking system.
Topics:business#finance#financial-crisis#jeremy-grantham#market-bubble#real-estate-market#stock-market
- This investor can spot market bubbles. Now he's warning of an 'ominous' bust CNN
- Jeremy Grantham and Goldman Sachs Have One Thing in Common: They Both Like These 3 Stocks TipRanks
- Grantham issues bleak outlook for stocks, recession, inflation: quotes Markets Insider
- US stocks face a 50% crash, a 'crypto apocalypse' is coming, and the economy is entering a 'doom loop.' Here are the 10 wildest predictions over the past quarter. msnNOW
- Grantham: Stock market bubble crash only halfway over when Fed cuts rates Markets Insider
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
5 min
vs 6 min read
Condensed
92%
1,058 → 87 words
Want the full story? Read the original article
Read on CNN