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

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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.

 

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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.

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