Legendary investor Jeremy Grantham says Biden's $1.9 trillion stimulus plan will make the stock market bubble even worse

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Jeremy Grantham told Bloomberg he has 'no doubt' a portion of the stimulus will end up in stocks.

He said Biden's $1.9 stimulus package will make the bubble even worse.

The GMO co-founder told Erik Schatzker that he has"no doubt" some of the stimulus aid will end up in the market. He said the"sad truth" about the last stimulus bill passed in 2020 was that it didn't increase capital spending and didn't increase real production, but it certainly flowed into stocks.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

hedge fund manager, beats getting a real job

Blue on black at this point

Democratic's Biden the king of cheat successfully has done the most great a set of cheat on earth to become a first USA autocrat in history since2021, above him is his boss XiJinPing the king of ethnic killer .

True

That's the problem. This isn't for Wall Street. It's for regular people. Take your heads out of your ass.

And the economy will get worst without extra help... so Legendary investors of greatness, pick your scenarios.

Australia Australia Latest News, Australia Australia Headlines