Here are Grantham's 9 best quotes from the interview, lightly edited for length and clarity:
2."I think of it as water behind a dam — you're never going to be able to predict which brick goes first. The first thing that goes will generally be a surprise. Then how it cascades is virtually unknowable." 4."Most of the decline in these great bear markets only happens after the first interest-rate cut. So you tell me when the first interest-rate cut is, and I will tell you when the second half of the pain is going to start. It would be unlikely from a historical point of view that this stock market event would not run deep into next year."
6."How long and how painful will the actual reality be? We've never had anything like a soft landing, but 2000 was the least-hard landing. Everything that was favorable could be favorable, and still it droned on for three years. The Nasdaq went down 82%, profit margins got hammered, and the growth rate slowed down moderately. We're going to have an unknowable bad time."
🤣🤣🤣 what a clown!!
How many years has the permabear predicted doom & gloom?
Tumble? He said tumble?
If u Google his predictions. He's been predicting this for the past 10 years. How does he have any credibility anymore?
So, he’s buying.
A demand side recession would lower demand for resources including labor, lowering prices and freeing up resources. A prediction of a large recession is inconsistent with more inflation, absent supply shocks.
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Grantham: Stock market bubble crash only halfway over when Fed cuts ratesThe stock market's bubble bust will only be halfway over when the Fed starts cutting rates - and there will be much more pain ahead, legendary investor Jeremy Grantham says This is how these big economist make money . Last few quarter they have piled up cash now creating panic so that retail investor start selling and these big people can buy on cheep rate . Economy seems to be strong and money is distributed . Only super richs are lossing money or not able to generate required growth as they used to do .
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