Canonical · Macro & Investing · Memo
Waiting for the Last Dance
Jeremy Grantham · 2021
"US equities are in a full-blown epic bubble that will end badly, comparable to 1929 and 2000."
In 2021, legendary investor Jeremy Grantham warned that the US stock market was in a massive, multi-asset 'superbubble' driven by zero interest rates and speculative mania. He correctly predicted the painful popping of this bubble in 2022.
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