{"id":63416,"date":"2022-08-31T15:26:01","date_gmt":"2022-08-31T20:26:01","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63416"},"modified":"2022-08-31T15:26:01","modified_gmt":"2022-08-31T20:26:01","slug":"prepare-for-an-epic-finale-jeremy-grantham-warns-stock-market-super-bubble-has-yet-to-burst","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63416","title":{"rendered":"“Prepare For An Epic Finale” – Jeremy Grantham Warns Stock Market ‘Super Bubble’ Has Yet To Burst"},"content":{"rendered":"
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“Prepare For An Epic Finale” – Jeremy Grantham Warns Stock Market ‘Super Bubble’ Has Yet To Burst<\/a><\/h3>\n<\/header>\n
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Having infamously spotted and profited from bubbles in Japan in the late 1980s, tech stocks at the turn of the century\u00a0and in US\u00a0housing before the 2008 financial crisis,\u00a0GMO’s co-founder\u00a0Jeremy Grantham\u00a0laid out in his latest note to investors<\/a>\u00a0why the “super bubble” that he previously warned about hasn’t popped yet (despite this year’s somewhat chaotic market behavior).<\/p>\n

“You had a typical bear market rally the other day and people were saying, \u2018Oh,\u00a0it\u2019s a new bull market,\u201d Grantham said in an interview with Bloomberg.<\/em><\/p>\n

\u201cThat is nonsense.\u201d<\/em><\/strong><\/p><\/blockquote>\n

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Specifically, the 83-year-old investors says that the surge in US equities from mid-June to mid-August\u00a0fits the pattern of bear market rallies common after an initial sharp decline \u2014 and before the economy truly begins to deteriorate; and sees more trouble ahead because of a “dangerous mix” of overvalued\u00a0stocks, bonds and housing, combined with a commodity shock and hawkishness from the Fed.<\/p>\n

\u201cMy bet is that we’re going to have a fairly tough time of it economically and financially before this is washed through the system,\u2019\u2019\u00a0<\/strong>Grantham said.\u00a0<\/em><\/p>\n

\u201cWhat I don’t know is: Does that get out of hand like it did in the \u201830s, is it pretty well contained as it was in 2000\u00a0or is it somewhere in the middle?”<\/strong><\/em><\/p><\/blockquote>\n

In his note today,<\/a>\u00a0Grantham warns that\u00a0we are entering the superbubble’s final act<\/strong>…<\/p>\n

Executive Summary<\/strong><\/p>\n

Only a few market events in an investor\u2019s career really matter, and among the most important of all are superbubbles. These superbubbles are events unlike any others: while there are only a few in history for investors to study, they have clear features in common.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

“Prepare For An Epic Finale” – Jeremy Grantham Warns Stock Market ‘Super Bubble’ Has Yet To Burst Having infamously spotted and profited from bubbles in Japan in the late 1980s, tech stocks at the turn of the century\u00a0and in US\u00a0housing before the 2008 financial crisis,\u00a0GMO’s co-founder\u00a0Jeremy Grantham\u00a0laid out in his latest note to investors\u00a0why the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1750,33129,1806,5186,30802,1138,32584,4318],"class_list":["post-63416","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bear-market","tag-bear-market-rally","tag-bubble","tag-bull-market","tag-jeremy-grantham","tag-stock-market","tag-superbubble","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63416"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63416\/revisions"}],"predecessor-version":[{"id":63417,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63416\/revisions\/63417"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}