Legendary investor Jeremy Grantham sees shades of the dot-com bubble in markets - and predicts stocks will slump and recession will strike

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The AI craze and federal spending won't protect the stock market and economy from higher interest rates and other headwinds forever, Grantham warned.

Check out these funny Subway photos that will put a smile on your face and make you want to get out that family photo album.BEIJING -China's fiscal revenue rose 11.5% in the first seven months of 2023 from the same period a year earlier, but was slower than the 13.3% rise posted for the first six months, official data showed, amid signs the economy is losing momentum. Fiscal revenue totalled 13.9 trillion yuan from January-July, while fiscal expenditure grew 3.3% to 15.

5% or more annually was "not possible anymore" on a sustained basis, said John Williams, the current New York Fed president who at the time was head of the San Francisco Fed, according to transcripts of a session where policymakers cut their median long-term GDP growth outlook to 1.8%, continuing a roughly decade-long slide. For the next three years and continuing on the other side of a world-altering pandemic, the U.S.

 

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