One of Wall Street's most influential voices, the British investor Jeremy Grantham, sees an asteroid steaming toward global financial markets. His term for what he sees as a growing threat to U.S. investors: a"superbubble."
"[F]or the first time in the U.S. we have simultaneous bubbles across all major asset classes," Grantham, co-founder of wealth management firm GMO, said this week in anOver the last 100 years, the U.S. has experienced three previous superbubbles, according to Grantham: The crash of 1929, which triggered the Great Depression; the dotcom meltdown that began in 2000; and the housing bust that precipitated the global financial crisis that started in 2008.
Exhibit C: Fewer and fewer equities, usually blue-chip stocks, perform well, while a growing number of speculative stocks do poorly. That trend — also visible in 1929 and 2000 — may be due in part to professional investors crowding into safer stocks as they see the broader market blindly marching off the cliff, Grantham suggested. In this scenario, confidence first starts to erode for riskier assets and then eventually dominoes into healthier stocks as investors race for the exits.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Good luck! We’ll all need it’: U.S. market approaches end of ‘superbubble,’ says Jeremy Grantham‘We are in what I think of as the vampire phase of the bull market,’ says GMO co-founder Jeremy Grantham. And 'just as you’re beginning to think the thing is completely immortal, it finally, and perhaps a little anticlimactically, keels over and dies.”
Source: MarketWatch - 🏆 3. / 97 Read more »
$17-Million Colorado Ski Retreat Embodies Why People Flock To VailThis stone and wood-sided residence at the Chalet at the Lodge at Vail 2 takes in south-facing vistas of the Gore Range and the slopes in Vail, Colorado. I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent SamAndCoTradin guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work
Source: Forbes - 🏆 394. / 53 Read more »
Why are airlines squaring off against wireless companies over 5G?The launch of new 5G cellphone service has sparked a fight between telecommunication companies and the aviation industry, with airlines claiming the service could interfere with aircraft technologies and could cause 'catastrophic' disruptions. 5G is not safe.
Source: NBCNews - 🏆 10. / 86 Read more »
Why art fair season is kicking off despite Omicron concernsThe LA Art Show opens its doors on Wednesday, the first of five, large-scale, in-person art fairs taking place in the region. Even as Omicron surges, the prevailing sentiment in the art fair world appears to be: the show must go on. 🦠😳
Source: latimes - 🏆 11. / 82 Read more »
What is metaverse and why NFTs are key to its massive explosionLarry Cheng, managing partner at Volition Capital, argued that there is “a bit of a gold rush mentality to NFTs as the fiber and the texture of the metaverse” as he described the space, which is garnering increased interest from traditional companies, including Walmart. So per the sec.. Crypto is dangerous because some coins might not go anywhere. Invest in the market where you order doesn't even go to the exchange but instead a small group of people who are going to use your buy order against you... Wtf ? sell now your nft's into to bluechip cryptos - you will never regret in macroperspective^^
Source: FoxBusiness - 🏆 458. / 53 Read more »
Jewel-Box Heroes: Why the CD Revival Is Finally HereWith CD sales on the rise for the first time in years, Rob Sheffield pays tribute to the humble pleasures of music’s least-glamourous, most-functional format metrock79 👀☕️ Why would cd sales be on the rise? I’m the most old timey person I know on CDs, but I’ve already accepted that this is going to be my last car with a CD player. I don’t even know where you could find a device that plays them, somewhere on the internet I guess? I like them (I have some)
Source: RollingStone - 🏆 483. / 51 Read more »