Summary List PlacementJeremy Grantham said Joe Biden’s $1.9 trillion stimulus plan would further inflate the stock-market bubble.
The veteran investor and GMO cofounder also touched on SPACs, Tesla, and Bitcoin in the Bloomberg interview.
Here are Grantham’s 28 best quotes from the discussion.
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Legendary investor Jeremy Grantham warned President Joe Biden’s $1.9 trillion stimulus plan would likely exacerbate the current stock-market bubble in a recent Bloomberg interview.
The Grantham, Mayo, & van Otterloo (GMO) cofounder and chief investment strategist also slammed special-purpose acquisition vehicles (SPACs), and suggested Tesla and bitcoin could provide early signs of a looming market crash. Moreover, he trumpeted green-energy investments, and explained how rising asset prices worsen income inequality.
Grantham, who predicted the last two market meltdowns, has been sounding the alarm for several months now. He said the stock rally was becoming “the fourth ‘real McCoy’ bubble” of his career last June, described the…