Calling a Super Bubble: Front Row With Jeremy Grantham

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  • čas přidán 5. 08. 2024
  • For almost a half-century, value-investing icon Jeremy Grantham has been calling market bubbles. Now, he says U.S. stocks are in a “super bubble,” only the fourth in history, and poised to collapse. In this interview, Grantham, co-founder of Boston’s GMO, goes further, explaining his bubble analysis and discussing what he sees as multiple threats to the economy and the planet, including persistent inflation and climate change. He spoke exclusively with Erik Schatzker on Bloomberg’s “Front Row.”
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Komentáře • 3,4K

  • @bobbymainz1160
    @bobbymainz1160 Před rokem +353

    With all this scary news making the headlines, is this really a good time to buy stocks? I know everyone says the mrkt is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this mrkt raking in over $250k gains within months, I'm really just confused at this point.

    • @claraclouse9086
      @claraclouse9086 Před rokem +1

      It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro

    • @oneiljerry9460
      @oneiljerry9460 Před rokem

      @@claraclouse9086 I got into a bit of dilemma myself due to this chaotic mrkt, wasn't sure if to sell or just wait a little longer, 75% of my portfolo was tanking and in the red, but I began gaiinng clarity and have more confidence in my invt. through an lnvt-advlser, I know most DlY-lnvestor like me would say advlsors aren't essential, but come to think of it, they're better trained and equipped at this and if I have to give just a little amountin fees for me to be able to net $650K in less than 8months like I did this year, I truely don't mind.

    • @oneiljerry9460
      @oneiljerry9460 Před rokem

      @simon fes Ingrid Cecilia Raad is the coach that guides, you probably might've come across her before, she's quite known in her field, search her

  • @albacus2400BC
    @albacus2400BC Před rokem +467

    The best way to describe the present economy is 08' 2.0. Yes stocks are at a discount and things will eventually get better but my monthly living expense is up $3750 from $1600 and I'm left wondering what retirement have in store for me 5years down the line, I'm ill-prepared tbh, my 401k gains are zero-nothing and my stock portfolio?...OH WELL!

    • @sonwoohans4526
      @sonwoohans4526 Před rokem +1

      Find a mean to gain off the present market condition, we seem to be moving same direction as Venezuela and that wont be good for anybody

    • @cloudyblaze7916
      @cloudyblaze7916 Před rokem +2

      The uncertainties accompanying this present market is more reasons I have my daily investment decisions guided by a portfolio-coach seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to outperform. Netted over $800k in return on investment, since using a coach for about 2years.

    • @ericmendels
      @ericmendels Před rokem

      ​@@cloudyblaze7916 I know investment-advisers can be very constructive which aids investing, but are they really that good as ya'll make them out to be..

    • @cloudyblaze7916
      @cloudyblaze7916 Před rokem +1

      @@ericmendels They are actually... really helped me through a prolonged nasty divorce

    • @cuddyb9631
      @cuddyb9631 Před rokem

      @@cloudyblaze7916 Mind if I ask for recommendation on this coach that guides you?

  • @Britishpatriot1
    @Britishpatriot1 Před 2 lety +225

    Outstanding interview. This is far more honest than what you get from typical mainstream analysts who constantly try to pump up the bubble and smear anyone who disagrees

  • @graceocean8323
    @graceocean8323 Před rokem +116

    I've said for years that basing inflation numbers on durable goods was idiotic. My kids can't eat a toaster, go see how much milk has gone up. Luckily corporate America bases their increases on the CPI number, so the CEOs are doing okay.. Comes down to the question, where else should I put money besides the financial market

    • @zoeytank2921
      @zoeytank2921 Před rokem

      You are right! I diversified my $450K
      portfolio across various market with the
      aid of an investment coach, I have been able to generate a little bit above $1.2m in net profit across high dividend yield stocks, ETF and bonds during this red season.

    • @tampabayrodeo2474
      @tampabayrodeo2474 Před rokem

      @@zoeytank2921
      who is your guide? I lost over $13K just last week, so I’m in dire need of a financial~~planner##

    • @zoeytank2921
      @zoeytank2921 Před rokem

      Credit to JOHANNA MUSSCHE my InvestmntAdviser

    • @mcginnnavraj4201
      @mcginnnavraj4201 Před rokem

      this is really helpful. just found her web+site and wrote scheduling a call

  • @josephgreen2008
    @josephgreen2008 Před 2 lety +143

    One of the best Macro economy interviews and perspectives out there at the moment.
    Jeremy Grantham will as usual be vilified as to his opinion of the ''Super Bubble'' we are now living in.
    His views were very sobering and useful as to knowing where we are heading. A memorable Interview that will become a reference as we head forward. Thank you Mr Schatzker for steering this interview you did a great job.

    • @c.san.8751
      @c.san.8751 Před 2 lety +12

      I agree. I felt the interview could have or should have been less canned. I was hoping that he would ask him questions like if we have the massive meltdown of meltdowns, the banking system could collapse since it is carrying up to 5x more debt than in 2008. How will the bail ins (on the books) affect savers and will brokerages survive and will traders even have access to markets through their accounts? Will they be prevented from trading? What do you think the value of the dollar would be after such a massive collapse? According to the Fed Res the dollar has already lost 99% of its 1913 value and the world has accumulated a staggering level of debt. Will a new system be ushered in after this upcoming financial catastrophe? No one is really talking about this and assumes that it will be business as usual when what is coming will be epic worse than 1929 and the great depression.

    • @lawrencethompson127
      @lawrencethompson127 Před 2 lety +4

      @@c.san.8751 That was a great comment C.San. Thank You.

    • @rajeshupadhyay5683
      @rajeshupadhyay5683 Před 2 lety +11

      Perfectly said. well, i am also looking for more genuine and smart ways to invest this year, any idea?

    • @davidhudson3001
      @davidhudson3001 Před 2 lety +16

      @@rajeshupadhyay5683 I'll suggest you reach out to Christine Lynn Saitta, she's a real investment prodigy

    • @c.san.8751
      @c.san.8751 Před 2 lety +2

      @@davidhudson3001 lol

  • @treaty8631
    @treaty8631 Před 2 lety +361

    Jeremy is so intelligent that he can answer question in such a way that it is easy to understand everything he says unlike other people

    • @c.san.8751
      @c.san.8751 Před 2 lety +14

      Brilliant man. I have listened to this interview three times. Amazingly intelligent.

    • @dwight4k
      @dwight4k Před 2 lety +14

      Because he actually knows what he's talking about.

    • @objectivethinker3225
      @objectivethinker3225 Před 2 lety +12

      That's not just intelligence, it's also wisdom.

    • @371forever
      @371forever Před 2 lety +6

      When a person truly know about a subject. They can easily explain to everyone including kids.

    • @cheezheadz3928
      @cheezheadz3928 Před 2 lety +3

      Why bring "other people" into the conversation? "....everything he says" period! Get out of your Debbie downer mode.

  • @Robertgriffinne
    @Robertgriffinne Před rokem +366

    Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

    • @wiebeplatt4749
      @wiebeplatt4749 Před rokem +3

      >You have to get a financial-advisor to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings.

    • @marianparker7502
      @marianparker7502 Před rokem +5

      Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors like "CORINNE CECILIA HEANEY, who can help shape up your portfolio.

    • @PhilipMurray251
      @PhilipMurray251 Před rokem +1

      @@marianparker7502 How do i find the lady you just mentioned?

    • @marianparker7502
      @marianparker7502 Před rokem +2

      @@PhilipMurray251 just look her up online to get in touch with her, her details are provided online

  • @JayPatel12928
    @JayPatel12928 Před 2 lety +337

    Watching this again after 3 months. What an admirable person Jeremy is.

  • @paulharold6721
    @paulharold6721 Před 2 lety +203

    I wonder what's the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...

    • @georgecooper8750
      @georgecooper8750 Před 2 lety +2

      stocks are overrated now. buy gold , 5% in crypto . rest in cash. and wait for the stock/property/land
      price to crash . but them after it stops dropping for 7 - 12 months at the bottom

    • @paulharold6721
      @paulharold6721 Před 2 lety

      Hi, please could you share more insight for someone who has been in the red for too long? Also I could use some referral, how do I reach the expert that assists you?

    • @paulharold6721
      @paulharold6721 Před 2 lety

      Amazing I'll do that right away . Thank you

    • @mikeincalifornia
      @mikeincalifornia Před 2 lety +2

      Electric vehicles, preferably those made by companies without unions. You can't lose. Forget all this silly talk about crypto or interest rates or funds or the "markets" (no such thing) or other such nonsense. Invest in companies that are making actual products that people can use. Electric motorcycles, cars, trucks, buses, airplanes, trains. But stay away from companies with unions or diversity programs or other such leftie foolishness. They're going nowhere because they're not focused on maximizing profits. Invest to improve your own financial position, not to save the earth or contribute to humanity or to help the so-called working class. There's no money in that. You might feel good, but you won't make money. I put everything I have into Tesla a couple of years ago. Sure am glad I did too, best investment of my life. My portfolio went from 20K to 200K in just four years, and it looks like it's just warming up.

    • @cheezheadz3928
      @cheezheadz3928 Před 2 lety +1

      A coffee can in your backyard is your best bet.

  • @kingl4427
    @kingl4427 Před 2 lety +230

    Doesn't matter what your bias is, Mr. Grantham still has a wealth of wisdom that we can learn from. Thanks, for this interview.

    • @lane5911
      @lane5911 Před 2 lety +4

      He’s lovely.

    • @tuckerbugeater
      @tuckerbugeater Před 2 lety +4

      @@lane5911 He clearly has an agenda.

    • @rjhammond00
      @rjhammond00 Před 2 lety +6

      Why? For having his investors out of the market for last 10 years? Oh right, got it.

    • @galanoth17
      @galanoth17 Před 2 lety +3

      @@rjhammond00 His investors were out of the market for 10 years?

    • @ericalorraine7943
      @ericalorraine7943 Před 2 lety +1

      You are right. well I really need mow ways to invest this year, any idea here?

  • @gilrocha1915
    @gilrocha1915 Před 2 lety +68

    This is a jewel of an interview from a great mentor Jeremy Grantham. Thank you.

  • @antoniomontana1975
    @antoniomontana1975 Před 2 lety +170

    Well, I suspect this interview may become legendary in the next few years.

  • @user-sd3ni4fi9x
    @user-sd3ni4fi9x Před 2 lety +113

    He is amazingly intelllectual and also ethical!! These are qualities we desperately need for national or world leader!!

    • @jake4024
      @jake4024 Před 2 lety

      Yes sir

    • @petepizzaface
      @petepizzaface Před 2 lety +10

      Unfortunately people as awesome as Jeremy know better than to go anywhere near politics. Imagine how frustrating it would be for a clever guy like him to deal with the chumps currently in ‘control’.

    • @mann8098
      @mann8098 Před 2 lety +1

      When speaking of fertility rates he says we were "over-engineered" what does he mean by that? Also if we are in a super bubble and recommends everyone selling (effectively popping the bubble) why hasn't HE done that?! I know he gave a bs answer "it's not commercially viable". I say being invested and losing all your clients money is not commercially viable. So how much does he really believe in this bubble theory? He has been shorting the market so it behooves him to talk of a super bubble & even be the prick that pops it. Maybe all this talk of climate is virtue signaling so people believe his bubble narrative. Maybe he is a prick maybe not. But I say don't look at what people say, look at what they do to be closer to the truth. Doom sayers are always selling something. There's ALWAYS something in it for them. It's not nobility. It's self interest.

    • @williamfowlkes9767
      @williamfowlkes9767 Před 2 lety +3

      @@mann8098 What he meant was that even though our sperm count has decidedly decreased because humans were naturally engineered to have such an abundance of them we are still able to reproduce.

    • @mann8098
      @mann8098 Před 2 lety +1

      @@williamfowlkes9767 thank you!

  • @ronsmith5601
    @ronsmith5601 Před 2 lety +189

    Eric has matured as an interviewer and has mastered the art.

    • @Rikimkigsck
      @Rikimkigsck Před 2 lety +2

      Yeah he is really good. I would call this guy idiot couldn't hold myself. All indices went up like crazy and dude says I was right look at Dow it stayed the same.

    • @EatMyOats
      @EatMyOats Před 2 lety +4

      Eric is not credible. Pretends the Federal Dollar Notes purchasing power is constant. Inflation comprehension is beyond Eric:s ability. His "making money" is useless.

  • @constanciacollene9585
    @constanciacollene9585 Před rokem +228

    We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

    • @melyndaulf6199
      @melyndaulf6199 Před rokem

      You are right! I diversified my $400K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $1.2m in net profit across high dividend yield stocks, ETF and bonds during this red season.

    • @omikandre8912
      @omikandre8912 Před rokem

      How can I reach this adviser of yours? because I'm seeking for a more effective investment approach How good is this person at portfolio diversification, particularly with regard to digital assets?

    • @melyndaulf6199
      @melyndaulf6199 Před rokem

      My advisor is *"TERESA JENSEN WHITE"*. In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience.

    • @madmantrader
      @madmantrader Před rokem

      id be careful, bonds, housing, and stocks are all overvalued a perfect storm for rising rates. The fed will probably have to raise rates alot higher than initially thought to combat inflation.

    • @Karl__Pierre
      @Karl__Pierre Před rokem

      @denise erim long or short....

  • @BeyBrightOfficial
    @BeyBrightOfficial Před 2 lety +23

    Wow! This was a fascinating interview! There’s so much to unpack from this interview but I’ll say this! Simply put, Jeremy’s common sense approach combined with his historical perspective makes his talking points the best in the game of economics and global wealth. Eric does a fantastic job hosting the programs for Bloomberg and his ability as a journalist is second to none! Bravo 👏

  • @KRSInvestments
    @KRSInvestments Před 2 lety +67

    The power of CZcams giving us all educational videos that is priceless. So many great years of life experiences and wisdom to share with us all. Tremendous investing knowledge and experience in 37 mins for free. Super good interview.

  • @JohnDaniels
    @JohnDaniels Před 2 lety +140

    "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless" -Thomas Jefferson

    • @eseovheegborge7510
      @eseovheegborge7510 Před 2 lety +3

      Oh make no mistake about it, the world is driven by consumers thru votes and politicians only answer to (or they pretend to answer to ) consumers. Even if the U.S sec behaves like hitler, the world is better than and bigger than one entity. Cryptos and blockchain will prevail. Every new innovation has its challenges and especially when the status quo being disrupted cannot compete or offer the same solution as the innovation offers. It is unstoppable. Are they going to arrest everyone? You better get bullish on cryptos and pay your taxes, so they dont scape goat you.

    • @arizonahighways7287
      @arizonahighways7287 Před 2 lety +9

      Hear hear!! The Fed knows exactly what will happen and when, it's all planned out to enrich the elite and impoverish "the dumb money" Love that quote, thx for posting it! @John Daniels

    • @goldendiploma9865
      @goldendiploma9865 Před 2 lety +1

      Amen brother =)

    • @lifeisshort99
      @lifeisshort99 Před 2 lety +4

      That is the reason investing Bank is a good idea. Rumor is that Fed is own by large bank. During 2007 crash, you can identify owner of Fed. Goldman and JP morgan elevated to commercial bank. JP Morgan took Washington Mutal for nothing. BoA took over ML and Counrty wide. Wells fargo got Wachovia bank. Those banks are founding member of Fed.

    • @dantheman1534
      @dantheman1534 Před 2 lety +1

      @@lifeisshort99 there was no crash in 2017

  • @golds04
    @golds04 Před 2 lety +15

    Hard to know who to follow, but for me, will usually listen more carefully to those with more grey hairs than those analysts who include “ like ,totally!” Maybe im wrong.

    • @doriannairod2708
      @doriannairod2708 Před 2 lety

      ¡¡Asombroso!! Acabo de comenzar a comerciar con la Sra. Alice Tyler también, ella es la mejor. con mi inversión inicial de $ 4200 como comerciante diario, gané $ 11,000 en solo una semana de comercio con ella.

    • @povgabrielfernandez5854
      @povgabrielfernandez5854 Před 2 lety

      La señora Alice es obviamente la mejor corredora. Invirtí $ 4,500 con ella y ella me hizo ganar $ 48,100 en 2 semanas y 3 días. Fue alucinante.

    • @waltervonbraushitsdh4700
      @waltervonbraushitsdh4700 Před 2 lety

      Alice Tyler es una corredora legítima y su garantía comercial es 100% segura, con ella experimentará el comercio de Bitcoin desde un ángulo diferente. Se trata de ganar cuando inviertes con ella.

    • @luistaveras2343
      @luistaveras2343 Před 2 lety

      He escuchado y visto muchas críticas sobre inversiones en Bitcoin con esta Sra. Alice Tyler, ¿Debe ser una profesional para que la gente hable todo este har nodahout?

    • @JoseVelasquez-tr8sc
      @JoseVelasquez-tr8sc Před 2 lety

      @@luistaveras2343 Sí, lo es, la sra. Alice Tyler se ha ganado una buena reputación que realmente está hablando por ella en este momento. Mi vida también ha cambiado ahora soy acreedora no más deudora, ¡ella me ayudó a recuperar todas las pérdidas! Ahora estoy viviendo una vida🥰 cómoda y feliz

  • @anisurrahman9092
    @anisurrahman9092 Před 2 lety +25

    Listening to Geremy’s interview for the first time. His grasp of the system is amazing. He is a visionary. Learnt a lot from this interview.

  • @MaroonmeisteR
    @MaroonmeisteR Před 2 lety +119

    Great interview and interviewer. Not pushing for soundbites but just letting the guest speak his mind.

    • @usadaytrader
      @usadaytrader Před 2 lety

      What's a soundbite

    • @Rikimkigsck
      @Rikimkigsck Před 2 lety +1

      this is a fabricated comment. Probably Jeremy Grantham spent money on these bots. Just read all the comments all of them are just generic and not specific

    • @citizen320
      @citizen320 Před 2 lety

      The interview sounds extremely planned and not at all a professional organic interview. It sounds like a fucking infomercial.

  • @nazimrahman
    @nazimrahman Před 2 lety +142

    Finally someone explained the link between low interest rate and growing income inequality

    • @DiogenesNephew
      @DiogenesNephew Před 2 lety +8

      It hasn't been a big secret really.

    • @wizzyletsgetbusy6878
      @wizzyletsgetbusy6878 Před 2 lety +8

      Totally deliberate. Mechanism for control of the proletariat.

    • @Antandthegrasshopper
      @Antandthegrasshopper Před 2 lety +16

      of course the savers, retired and poor are the one's that were not served by this bloated super bubble! Govt made is almost impossible to save money in the bank and make a respectable rate of interest. Now everyone has to gamble to get any return.

    • @V.E.R.O.
      @V.E.R.O. Před 2 lety

      @@Antandthegrasshopper I remember back in the 90s I used to get paid around $500 a month in interest now I'm lucky if I get 5 cents 😂

  • @YasinNabi
    @YasinNabi Před 2 lety +13

    if you are not making money while sleep then you are in the bad situation, just you feel numb and don't feel it.

    • @xavierreginald9536
      @xavierreginald9536 Před 2 lety

      I will also advise you try Mrs Alice Tyler , She is legit and her profit scheme is amazing. I have never seen any of her client complain of lost.

    • @xavierreginald9536
      @xavierreginald9536 Před 2 lety

    • @kamilafabian3115
      @kamilafabian3115 Před 2 lety

      I just started trading with Alice Tyler as well, she is the best.. with my initial investment of $4200 as a day trader i made $11,000 in just a week of trading with her.

    • @federicosuarez8878
      @federicosuarez8878 Před 2 lety

      Mrs Alice Tyler is a good account manager and her trading guarantee is 100% sure, with her you will experience Bitcoin trade from a different angle.. It's all about winning when you invest with her.

    • @federicosuarez8878
      @federicosuarez8878 Před 2 lety

      She has proven to be a part of this life changing mission with her trading strategies.

  • @zboom3000
    @zboom3000 Před 2 lety +4

    Such an inspiring interview and Jeremy Grantham is such a gentleman and visionary. I think the fundamental issue with the world’s problems is mis-calculation of production and consumption costs. When we price a product, we don’t consider the environmental impact of making it and disposal afterwards. So products are produced too cheap and we over-consume. Remember in economics 101, I learned there are private property and public property. Businesses take into account only costs under their private property but not under public property. Governments are not allocating these public costs in a proper way. Going on so many years now, everything is out of balance.

  • @ups1guy
    @ups1guy Před 2 lety +38

    Erik Schatzker is an outstanding interviewer!
    Thank you Bloomberg for this insightful discussion with one of the greatest minds in the industry who was, as always, eloquent and succinct.

  • @xuejiaofeng8277
    @xuejiaofeng8277 Před 2 lety +67

    Jeremy Grantham should give lectures to people everyday in details to make the world a better place.

    • @BrianHeimbuecher
      @BrianHeimbuecher Před 2 lety +4

      He lectured us in that 37 minutes. 'Prepare to own nothing & like it. At least you little folk will be equal.'

    • @Prash1c
      @Prash1c Před 2 lety +2

      He was fantastic and very generous. However, we humans, as as species, have a problem with co-operating and listening when we need to. If only it were as simple! as you say!

    • @spenser6353
      @spenser6353 Před 2 lety

      hes lost on crypto

    • @Prash1c
      @Prash1c Před 2 lety +5

      @@spenser6353 he's being polite to not upset any crpyto believers but also careful not to make wrong calls. But, he probably understands more about the cryptomarket more than the average s***coin shills and pumpers.

  • @Stoneface_
    @Stoneface_ Před 2 lety +19

    Holy shit how accurate was Jeremy! 3 months later, many of the SPACs and growth stocks are down 80-95%. Brutal drawdowns! Hats off to Jeremy. What a legend👊🏽

    • @iamasmurf1122
      @iamasmurf1122 Před 2 lety

      thats bullcrap the markets have not really suffered , all that happens is smarter investors are taking from dumb investors like you

    • @basmatibam
      @basmatibam Před 2 lety

      he is telling market collapse every 3 months since 1960

  • @bartoszdobroslaw9774
    @bartoszdobroslaw9774 Před 2 lety +189

    Great stocks and I just bought in on them, but I'm interested in making short term profit, let say turn a $150K to $500k in 6months, I'd appreciate tips on how what stocks to buy to make this much profit.

    • @bartoszdobroslaw9774
      @bartoszdobroslaw9774 Před 2 lety

      @Johannes Buchanan That sounds great and how do i connect with her ?

    • @bartoszdobroslaw9774
      @bartoszdobroslaw9774 Před 2 lety

      @Johannes Buchanan Okay i just found her website and left a message for her. thanks.

  • @nickkacures2304
    @nickkacures2304 Před 2 lety +33

    Thank you Jeremy Grantham for your advice and empathy for the working class. I am a carpenter and my wife works support staff jobs at a hospital our retirement accounts look abysmal and are seriously underfunded we will never be able to retire comfortably in a economic world spinning out of control.

  • @savagemp5
    @savagemp5 Před 2 lety +148

    Thanks Erik and Bloomberg for making this happen. its like a TED talk of finance, given the knowledge / experience of the interviewee, and ti reinforce some of the directions we might have lost.

    • @erikedhlund4415
      @erikedhlund4415 Před 2 lety

      yes

    • @Rikimkigsck
      @Rikimkigsck Před 2 lety +3

      this is a fabricated comment. Probably Jeremy Grantham spent money on these bots. Just read all the comments all of them are just generic and not specific

    • @wolfiestreet6899
      @wolfiestreet6899 Před 2 lety

      TED talks are for those that lack critical thinking, are too lazy to undertake considered exploration and need to be spoon fed what to think.

    • @DerekPresti
      @DerekPresti Před 2 lety +1

      This interview makes TED talk look like elementary school. Also these are not fabricated comments.

    • @gerhardmeister4693
      @gerhardmeister4693 Před 2 lety

      @@Rikimkigsck I may be underestimating him, but I don't think 'spending money on bots' is his thing.

  • @wilsonjudson1650
    @wilsonjudson1650 Před 2 lety +201

    There might be an economical turmoil but there is no doubt that this is still the best time to invest.

    • @jamesmaduabuchi6100
      @jamesmaduabuchi6100 Před 2 lety +4

      Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.

    • @wilsonjudson1650
      @wilsonjudson1650 Před 2 lety

      you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos

    • @wilsonjudson1650
      @wilsonjudson1650 Před 2 lety

      now its a different ball game for me because I was lucky to have met TERESA JENSEN WHITE, a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions.

    • @henryclinton9317
      @henryclinton9317 Před 2 lety

      Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach TERESA ?

    • @wilsonjudson1650
      @wilsonjudson1650 Před 2 lety

      search her name on the internet to reach her

  • @ronaldhenry4057
    @ronaldhenry4057 Před 2 lety +50

    This is an extremely telling interview of things to come. Mr Jeremy Grantham, you have my highest respect for telling the truth. Thank you!

  • @WilliamSchlott
    @WilliamSchlott Před 2 lety +15

    A surprisingly candid interview from a mainstream channel. Thank you Bloomberg for respecting your audience's intelligence.

  • @kevinswift8654
    @kevinswift8654 Před 2 lety +64

    I find Grantham very interesting but when he started talking about inequality it was clear he really knows what he's talking about, and not only that, his heart in the right place.

    • @johnz.2907
      @johnz.2907 Před 2 lety +1

      If his heart were in the right place, he'd take action by helping others instead of just talk and self-preservation. All he is doing is stating the obvious and helping others who are rich like him.

    • @kevinswift8654
      @kevinswift8654 Před 2 lety

      @@johnz.2907 What would you suggest that he do? And I don't know if it's obvious - most people don't agree with him.

    • @skyak4493
      @skyak4493 Před 2 lety +1

      I have a much more critical view. Low interest rates inflate the value of capital, which increases the appearance of inequality, but if you are smart, it lowers the cost of raising productivity -raising the capacity for higher wages. He also fails to mention globalization. US inequality is due to globalization, not interest rates! Globally, standards of living have been raised for billions of people, and in doing so, bypassed millions of Americans that have fallen from the middle class.
      The way he talked about venture capital -as if it is "right" and "good" while public markets and private equity are wrong and destructive is disgusting if not flat out evil. Venture capital accounts for ALL the oppressive monopolies created in the past four decades and over half of global inequality! Labor unions are every bit as destructive to equality as capital markets or interest rates! "Green" investing is also responsible for terrible inequality by snuffing out high paying jobs without providing viable environmentally friendly alternatives that everyone can afford.
      By "knows what he's talking about" do you mean that he scapegoats the most popular people and things to scapegoat? By "his heart in the right place" do you mean casting blame in general on power and wealth while ignoring that that is exactly who pays to put him in the top 1%?
      There are millions of people worse than J Grantham -but that does not even mean he is good. I reserve my accolades for people with solutions, not just popular blame.

    • @kevinswift8654
      @kevinswift8654 Před 2 lety +2

      @@skyak4493 Money pumped into the financial system does not always translate to higher standards of living for all. In fact, evidence shows that it's quite likely the opposite. What you are sharing seems to be some sort of monetarist "trickle-down" theory. Trickle-down didn't work, either.

    • @skyak4493
      @skyak4493 Před 2 lety +1

      @@kevinswift8654 My point is that no solution to inequality was presented in this video, so when you say he knows what he is talking about it only means you like his blame casting. I am not advocating any 'monetarist "trickle-down" theory', I am saying monetary policy will not fix inequality. The ratios might look better, but that will only be because P/E multiples will come down and you and JG are ignoring the gains in foreign countries. Get ready for disappointment, monetary tightening will not improve inequality either. Inflation will outpace wages until the nation produces its own goods.

  • @ljyangmiaolin5014
    @ljyangmiaolin5014 Před 2 lety +8

    Such great interview. Admire Mr Grantham's wisdom and knowledge. So much wisdom in this interview. Will watch it again.

  • @roncabezasREALTOR
    @roncabezasREALTOR Před 2 lety +5

    Jeremy Grantham, not only a legendary investor but a gentleman with a social and environmental conscience. This video is a must watch for all interested in money, social equality and protecting our most significant treasure, the environment.

  • @enthused7591
    @enthused7591 Před 2 lety +30

    It's not rocket science folks. This guy's exactly right. Salaries in the US are up 5-8% over 18 months while homes are up 75-100% in that same 18 months. Someone making $50k per year looking for a $150,000 3 bed 2 bath home in 2019 is now making $53k per year and looking at those same homes - listed AND selling for $275,000. After the 2008 crash, that same home was selling for $65k-$80k between 2009 and 2011. If you can't tell that that's unsustainable, there's nothing that can help you. As a point of reference, a home that PEAKED in 2006-2007 would be 40% cheaper than today's prices in some areas. It's an "everything" bubble by definition.

    • @kartikbhatt4173
      @kartikbhatt4173 Před 2 lety

      I am from the UK and have a question for you. In 2006-08 it was super easy to get a mortgage, how is the situation now. In the UK its difficult to get a loan compared to 2006-08. I am really interested to know whether its lack of supply or easy money that is driving up US house prices?

    • @cpgone
      @cpgone Před 2 lety +2

      houses and certain high flying tech stocks will correct.
      My MO , BMY , etc will be fine.

    • @ShamileII
      @ShamileII Před 2 lety +3

      Yep, sold all my rental properties. This is as good as it's going to get before it all crashes and it's 2008 all over again

    • @qamarmood1157
      @qamarmood1157 Před 2 lety +2

      @@kartikbhatt4173 i think it comes from the fed stimulus that’s when I noticed homes really going up a notch …. Loan process isn’t hard and with most people getting some type of cares act stimulus everyone had down payment money due to not having to pay bills during the Covid crisis

    • @tt-designs124
      @tt-designs124 Před 2 lety +2

      2.5 ratio for a heathy income to home price ratio. Some areas in the West in Particular are above 10. Here in Salt Lake it’s 8.4. No way is it sustainable.

  • @nyxaquar3474
    @nyxaquar3474 Před 2 lety +30

    I love listening to Jeremy Grantham and I like watching Eric interview people. When the two are in the same room, you know that it will be nothing short of excellent.

  • @Jose_Barrera
    @Jose_Barrera Před 2 lety +82

    4 months later and the bubble is starting to pop. This guy is on point.

    • @daintree98
      @daintree98 Před 2 lety +4

      You can't beat experience!

    • @JJ-ud1xr
      @JJ-ud1xr Před 2 lety

      Lmao all the bots in this comments section. Grantham is a moron that has been calling a crash for years

    • @pritpalsingh6483
      @pritpalsingh6483 Před 2 lety

      @@daintree98 and honesty

    • @brianramrup5527
      @brianramrup5527 Před 2 lety

      6 months later righter than ever

    • @JJ-ud1xr
      @JJ-ud1xr Před 2 lety

      @@brianramrup5527 huh? The SP500 is 1.6% below where it was when this was posted.

  • @PE-ox7hv
    @PE-ox7hv Před 2 lety +22

    Great interview, and thanks to Mr. Grantham and his honesty.

  • @sprezzatura8755
    @sprezzatura8755 Před 2 lety +134

    Mr Grantham is the consummate world-class investment professional. Such a refreshing change from the conveyor belt of blowhards on CNBC.

    • @randalmontgomery4595
      @randalmontgomery4595 Před 2 lety +9

      I agree. Love that phrase "conveyor belt of blowhards on CNBC"

    • @erikedhlund4415
      @erikedhlund4415 Před 2 lety

      @@randalmontgomery4595 Baba Booey Baba Booey Baba Booey

  • @haze1123
    @haze1123 Před 2 lety +174

    Agree with Jeremy. Zero-percent interest rates are bad for the poor and bad for the planet.

    • @EatMyOats
      @EatMyOats Před 2 lety +3

      Jeremy doesn't understand inflation. His excuses for the Federal Reserve devalued Purchasing value >6.6% in 2021, already >8.5% baked in the cake for 2022. The 0.25% wealthy, not rich, Wealthy profit as he says, will accelerate inflation under Powell.

    • @anonymous7egend
      @anonymous7egend Před 2 lety +7

      @@EatMyOats now everyone is an armchair.economist. I trust Jeremy more than you

    • @chris18830
      @chris18830 Před 2 lety +3

      So basically 1970’s we went off the gold standard, which allowed gov/fed res to artificially lend out money, which artificially pumped asset prices at the expense of debasing everyone’s cash -
      Rich got richer and poor lagged as a result, naturally as a consequence
      But worse of all, this incentives politicians to promise they can tax and redistribute our way out of an asset bubble - which will perversely cripple real growth and make recovery even more unbearably long and more excruciating without fixing anything fundamental

    • @badnomad357
      @badnomad357 Před 2 lety

      If borrowing money is cheap it really just means your money has no value. Basically money should be worth 4 to 6% if you want to borrow some. The rich understand this and are dumping money to get assets. Very hard for the new investor to get in the game. How do we keep capitalism (the best possible answer) yet Un rig the game giving more people access and minimizing the wealth gap

    • @haze1123
      @haze1123 Před 2 lety +1

      @@badnomad357 Money printing causes inflation for the poor and cheap borrowing for the rich. Sound money is the answer.

  • @davidhenry9419
    @davidhenry9419 Před 2 lety +7

    Possibly, probably, almost certainly the best interview on macro finance - consumer finance - understanding ourselves, that I have ever be fortunate enough to hear. Common sense visionary linking so many points on the diagram. Wow.

  • @raoultesla2292
    @raoultesla2292 Před 2 lety +5

    Erik was really cool of you to give Jeremy a parting word. I have enjoyed his honesty over the years as well. Tell him his intentions to educate were honorable.

  • @JoeDoe2
    @JoeDoe2 Před 2 lety +57

    18:25 Erik is too cool. Asking about the 60/40 mix was a great question, and Jeremy gave as direct an answer as anyone could, right or wrong.

    • @user-zf5fg2jl3v12
      @user-zf5fg2jl3v12 Před 2 lety +1

      60/40 been burried every year. its common cliche everyone used half century

    • @gevdarg
      @gevdarg Před 2 lety

      Amen.

    • @mattbenz99
      @mattbenz99 Před 2 lety +1

      @@user-zf5fg2jl3v12
      It is good if you have a fixed retirement date that is within 15 years. If your timeframe is 20+ then you normally want an 80/20. And if your timeframe is 30+ it is usually not unreasonable to push it to 90/10 or even 100/0.

  • @larrybosco8695
    @larrybosco8695 Před 2 lety +33

    This was a brilliant interview with Jeremy Grantham. One of the best thought out explanations of the coming market changes I have seen. I have the greatest respect for Mr. Grantham not only as a financial analyst but as a caring and concerned human being. I was enthralled. Bravo Bloomberg for making this available.

  • @mustafakareem4501
    @mustafakareem4501 Před 2 lety +21

    There are very few experts who use special strategies to make steady earnings for investors and Mr Corey is not missing out. Nothing beats the feeling of comfort knowing that your money is working to raise itself daily. Mr Corey is the best no doubt;

  • @scottpoland8943
    @scottpoland8943 Před rokem +8

    For decades, the governments policy has been throwing the future under the bus, the day of reckoning is coming. Luckily all the corporate Americans bases their increases on the CPI number, so the CEOs are doing okay. Comes down to the question here, where else should I put in money besides the financial markets. You need a survival plan.....

    • @alimacao3285
      @alimacao3285 Před rokem

      Crypto investing has brought me great success !!! Irrespective of the economic dipression, i can boast of over $ 12,000 every week on my investment. I got 90% of my total portfolio in Crypto and it has been great returns with Ms Vanessa. Thank you for your focus on quality stock.

    • @kimbertmedina5145
      @kimbertmedina5145 Před rokem

      Thought I'm the only one trading with the expert, the profit in Ms Vanessa Saint field investment plan shows how selfless and expertise she is. I made 90% profit of every investment I made, though I was skeptical but still gave her a try of $2000 and got a profit of $16000 in less than a week.
      All thanks to my colleague who introduced me to her platform,

    • @alimacao3285
      @alimacao3285 Před rokem

      @Vanessa saint

  • @MrJamezy
    @MrJamezy Před 2 lety +30

    Nobody checking in. As someone that clawed his way from poverty to the middle class. I agree with this man. Monetary and fiscal policy is sqeezing the middle class pushing the upper middle class and the wealthy up while crushing the poor. The wealth gap is in fact a product of the policies of the federal reserve.
    I'm a capitalist 100% but the fed isn't. There are no bail outs in capatalism. There are no artificially low interest rates in capatalism. I think the Austrians have it right, it's a combination of morale hazard and Mal-investment encouraged by the fed causing false booms and terrible busts.
    Most of us don't get invited to the party but we suffer the terrible hangover and get stuck with the exceedingly high repair costs for the hotel room the fed, politicians and wallstreet trashed during the party.

    • @honkhonkler7732
      @honkhonkler7732 Před 2 lety +6

      What we have is socialism for the rich and corporations, capitalism for everyone else.

    • @redman3863
      @redman3863 Před 2 lety +1

      Excellent description

    • @life_of_riley88
      @life_of_riley88 Před 2 lety +4

      Couldn't agree more. Doesn't it suck to pull yourself out of poverty only to hit a MASSIVE glass ceiling. You get stuck in the grinder of the middle class, unable to aquire assets, all the while your time and labor are devalued via inflation.

    • @crazyinvestor5987
      @crazyinvestor5987 Před 2 lety

      doesnt mattter now jeremys gonna crash the market and make us eat bugs

    • @WanderingExistence
      @WanderingExistence Před 2 lety +1

      Capitalism routinely uses the state to empower capital owners.... Capitalism only exists because of the state. It's a fallacy to think capitalism equals free markets.

  • @eugenekagansky4275
    @eugenekagansky4275 Před 2 lety +113

    One of the best interviews. Short and to the point.

  • @sonnyfite
    @sonnyfite Před 2 lety +8

    I’ve listened to this interview three times and I’m not done. Phenomenal Q & A. Scathing indictment on the ignorance of Greenspan, Bernanke, Yellen, and Powell policies.

    • @DustinRodriguez1_0
      @DustinRodriguez1_0 Před 2 lety

      I would hate to be in Yellen's shoes. Get handed this money printer that's had its "off" switch straight up broken off for years, knowing with certainty that inflation will be the result, then seeing companies realize they can price gouge and maintain absurd unsustainable growth rates even during a pandemic and just blame inflation and they will get cover by politicians trying to use it in a disingenuous bid for power. They're not even saying they could stop inflation, just ranting about it being bad and blaming it on politicians from a different party, pretending that they've suddenly forgotten the Federal Reserve even exists or that inflation is a lagging indicator and the President has no control over it, etc. Load up on buybacks, and raise your prices and call it inflation! Even if your company is posting record profits, no one will doubt it was all because of inflation!

    • @patienceobongo
      @patienceobongo Před 2 lety

      Ignorant? "90% of communising a country is the establishment of a central bank," Lenin. Thats their goal.

  • @antonymackie4327
    @antonymackie4327 Před 2 lety +2

    Great commentary and Jeremy is as always a pleasure to listen to. Thanks for sharing this and great interviewing , its all in the quality of the questions..

  • @Zebra663
    @Zebra663 Před 2 lety +264

    Eric is a fantastic interviewer.

  • @jaysrinivasan8205
    @jaysrinivasan8205 Před 2 lety +54

    Should have been longer .. Erik Is the best ever interviewer and jg is the best authority on the bubble situation we’ve created over 20 years

    • @CosmicSeeker69
      @CosmicSeeker69 Před 2 lety +1

      did you check out his interview exactly a year ago? From memory it was around 80 minutes.

    • @Rikimkigsck
      @Rikimkigsck Před 2 lety

      this is a fabricated comment. Probably Jeremy Grantham spent money on these bots. Just read all the comments all of them are just generic and not specific

  • @energyexecs
    @energyexecs Před 2 lety

    The legendary Jeremy Grantham. The Bloomberg interviewer Erik Schatzker is one of my favorites. A little frightening at the end but so true on his observation of human impact upon this great planet called Mother Earth.

  • @leerubin4374
    @leerubin4374 Před 2 lety +1

    Have to give Grantham kudos for his call here. He was on target for his call to buy commodities in January. I'm just hearing this interview now in the middle of April. Great interview.

  • @detyelram2819
    @detyelram2819 Před 2 lety +40

    this man isn't wrong, he's just really early. some of y'all are gonna get fucking vaporized

  • @tekannon7803
    @tekannon7803 Před 2 lety +69

    Jeremy Grantham is someone who sees through the smoke and mirrors of what our world has become.

    • @JCCeba
      @JCCeba Před 2 lety +3

      Can you be more specific? He sounds bullish on foreign stocks by suggesting shorting US stocks (for non profitable or over valued corporations) in exchange. While he is successful creating fear he is selfish enough to not spend sufficient time explaining risk mitigation measures. It’s like he is attempting to position himself to sell you a solution instead of common good.

    • @Rikimkigsck
      @Rikimkigsck Před 2 lety +3

      @@JCCeba this is a fabricated comment. Probably Jeremy Grantham spent money on these bots. Just read all the comments all of them are just generic and not specific

    • @xtrash1ove
      @xtrash1ove Před 2 lety +1

      and another wise guy who clearly sees through that global deceit must be you, right?

    • @giovannip8600
      @giovannip8600 Před 2 lety

      In a crazy world the not crazy ones seem crazy

    • @Rikimkigsck
      @Rikimkigsck Před 2 lety

      @@giovannip8600 Jack: There is no such thing as electromagnetic radiation
      Me: You are one ignorat dude
      Giovanni P: In a crazy world the not crazy ones seem crazy
      Me: Smh

  • @kvasir119
    @kvasir119 Před 2 lety +4

    This is the kind of honesty and frankness, and experience that is a refreshing perspective on what is going on and helps make sense of what is happening right now and in the upcoming months. It's all based on logic and history, and not hype.

  • @bestdjintown
    @bestdjintown Před 2 lety +12

    i dont think anyone else could ever explain this much stuff in such a short time and in a very understandable way. Thank you for the great interview, excellent job directing the interview.

  • @dougm659
    @dougm659 Před 2 lety +6

    I like his logic…no sensationalism, no histrionics, just calm analysis and knowledge of history. Very glad I sold 96% of my stocks a few weeks ago, I have NO doubt a crash is unavoidable so I’ll wait patiently until the dust settles and then start buying again!

  • @peterpitonak4647
    @peterpitonak4647 Před 2 lety +135

    Jeremy has enormous charisma and humility. Fantastic conversation

    • @rylandorr
      @rylandorr Před 2 lety +7

      "were you wrong"
      "No I dont think i was"
      Proceeds to give pretty bad excuse although he is wrong>
      Yeah great humility there

    • @renand3z
      @renand3z Před 2 lety +2

      @@rylandorr predicting 50 years event with a 3 year deviation is pretty remarkable

    • @Rikimkigsck
      @Rikimkigsck Před 2 lety +3

      @@renand3z He is always wrong. When you make thousands of predictions obviously a few of them would be right it's statistics.

    • @jazzbeau507
      @jazzbeau507 Před 2 lety +1

      Charisma and Humilty?????? maybe wisdom and acumen and knowedgeable.......not so much charisma and humility.

    • @coreyham3753
      @coreyham3753 Před 2 lety +2

      @@renand3z Grantham was talking about 2 and 3 sigma deviations
      "In the empirical sciences, the so-called three-sigma rule of thumb expresses a conventional heuristic that nearly all values are taken to lie within three standard deviations of the mean, and thus it is empirically useful to treat 99.7% probability as near certainty."

  • @RemingtonLongstreth1
    @RemingtonLongstreth1 Před 2 lety +1

    Thanks for the stock market diagram showing its reactions to historical events related to the present situation. Much appreciated!

  • @Luke-ms9rh
    @Luke-ms9rh Před 2 lety +2

    Fantastic Interview! Thanks for taking the time Jeremy Grantham.

  • @pieszczochleo4710
    @pieszczochleo4710 Před 2 lety +8

    How do not to love and respect this guy for his no nonsense comments?
    Always a pleasure to listen to him.
    Thx for this interview to Front Row

  • @reasoning9273
    @reasoning9273 Před 2 lety +64

    This is such a great interview. Really enjoyed listening to Mr. Grantham's view not only on the U.S. economy, but also on the economic system of the whole planet earth, as he points out the bigger problems that arise from building the human capitalism system. It is not just about whether the crash will happen and when which most people may just care about.

    • @Rikimkigsck
      @Rikimkigsck Před 2 lety +4

      this is a fabricated comment. Probably Jeremy Grantham spent money on these bots. Just read all the comments all of them are just generic and not specific

    • @lezliewhicker8450
      @lezliewhicker8450 Před 2 lety +2

      you are right. I also want more smart and geniune ways to invest this year, any idea?🤦‍♀

    • @RMF49
      @RMF49 Před 2 lety

      Wtf is the “human capitalism system”. Capitalism is freedom applied to the marketplace. It means you are free to create, buy, sell, enter into transactions with others.
      It’s a fantastic system that’s made the world more wealthy. Since it’s founded in freedom it’s no surprise that every alternative is founded on authoritarianism.

  • @jamesbench8040
    @jamesbench8040 Před 2 lety

    I followed Jeremy for many years now. Everything he says is right and makes perfect sense. He is a brilliant man. The only issue I have is his timing is often early. Sometimes years early. Some even argue that being early is the same as being wrong. I would not go that far, but I would say the material is less actionable and patience is needed.

    • @AiBall09
      @AiBall09 Před 2 lety

      Early but not wrong. Being early is a master skill to see the future

  • @djeiys
    @djeiys Před 2 lety +9

    The Market in 2021 was a great year for stocks for the only reason that the government injected so much free money (stimulus check, PPP loan for big corporations...) to stay on float . So of course the 2021 market results end up in the green, but it doesn't meant the Jeremy was wrong. In fact he was totally right you will see soon that what he said is accurate. Housing bubble , Student loan, car loan, backlog supply chain, Inflation, Ukraine War, Evergrande in china. The government just delays the inevitable

  • @charlietuna7545
    @charlietuna7545 Před 2 lety +41

    Mr Grantham is as real and pure as gold. I have been listening to brilliant investor interviews for over 25 years and I respectfully grant Mr Grantham in the ""TOP-SPOT!"

    • @stancrawford2147
      @stancrawford2147 Před 2 lety +1

      Amazing man! True words! Unfortunately politicians don’t hear his frequency

    • @JJ-ud1xr
      @JJ-ud1xr Před 2 lety +1

      Lmao he's a moron, you bot

  • @ronaldronald8819
    @ronaldronald8819 Před 2 lety +12

    This interview kind of shocked the hell out of me.
    Excellent interview by the way. Gave it the exceptional Label: "review until you understand" (as well as possible) what was discussed.

  • @joanhalgren3502
    @joanhalgren3502 Před 2 lety

    I think Grantham is prescient and right on target.It's over three months since this interview and look at your portfolio holdings! I bet down 9 percent and going lower too! This video was an early warning for me, and I shall bite the bullet and sell as many U.S. stocks as feasible ASAP. I started investing in his suggestions and he's proving to be spot on! Plus, he has integrity and is committed to helping adapt to climate change with innovative research and venture capital. Marvelous gentleman!

  • @cjhoops7
    @cjhoops7 Před 2 lety

    Very, very interesting conversation. Loved listening. Thanks, Bloomberg.

  • @meteorologistgriffinhardy
    @meteorologistgriffinhardy Před 2 lety +120

    Fantastic interview. It's really interesting how quickly a discussion on macroeconomics can change into a philosophical one.

    • @purelife8559
      @purelife8559 Před 2 lety

      That's a great observation... philosophy rules

    • @GoldFever44
      @GoldFever44 Před 2 lety

      Yes, but they hate when we do that. They want us compartmentalized and dog-trained to spew Keynesian pablum upon demand. False idealisms must die, but I think we're out of time.

    • @GoldFever44
      @GoldFever44 Před 2 lety +1

      @Teratology The Austrian school tells us that "you cannot create an equilibrium model from human action". Modern economics is a brain-washed cult. It parades as a science, but is really only a festooned control grid. Our entire economic system can be explained in one word....heist.

    • @dontcare1656
      @dontcare1656 Před 2 lety

      That's how they hypnotize you.

  • @garyk.nedrow8302
    @garyk.nedrow8302 Před 2 lety +19

    Erik Schatzker is superb -- he asks intelligent questions, he listens, he is prepared, and he is articulate. Bloomberg is lucky to have him on board. As for Grantham, he is a legend on Wall Street for sound, fundamental advice. Warren Buffett routinely sings his praises. But while Grantham seems to be right in the long term about overpriced securities and social change, even he cannot predict the short term, as Schatzker points out at the beginning of this interview. And because small investors listen to Grantham and have already moved from growth stocks to value stocks over the past few months, the turmoil in securities seems largely confined to the speculative technology sector and alternative currencies. Markets collapse when investors are over-leveraged, and while a few speculators are, that doesn't appear to be the case with retail investors. I suspect the market will continue to fibrillate in a fairly narrow range in 2022, and perhaps longer, until a fiscally conservative Republican government restores a measure of discipline to the financial markets. Until then, investing in companies with a predictable cash flow and an ability to raise prices to keep pace with inflation is likely to be a winning strategy for individual investors.

    • @khdroid123
      @khdroid123 Před 2 lety

      “Conservative Republican government restores a measure of discipline to the markets” 😂😂😂😂💰💰💰

  • @hwarea6451
    @hwarea6451 Před 2 lety +26

    Jeremy Grantham is brilliant. I wish he had a Masterclass. Everything he predicted is happening so don't buy the dip.

    • @magooccna
      @magooccna Před 2 lety +2

      Tell that to the apes buying the dips like Cathy Wood.

    • @Mauitaoist
      @Mauitaoist Před 2 lety +1

      Absolutely buy the dip when it comes to Gold Silver and commodities

  • @bedabratabanerjee3174
    @bedabratabanerjee3174 Před 2 lety

    I have seen both interviews several times. I have no hesitations to say that those two introspective, honest and visionary interviews have changed my macroeconomic concept for ever. Salute to both of them.

  • @lanwan
    @lanwan Před 2 lety +7

    Always good to hear Grantham’s perspective on the economy and global issues, should have been 60mins long…

  • @Rheault101
    @Rheault101 Před 2 lety +51

    Jeremy Grantham is a very intelligent man, no nonsense.

    • @williamfowlkes9767
      @williamfowlkes9767 Před 2 lety +1

      @warrenrose68 Bubbles can go on for a very long time. Look at what happened in Japan. It got to something like 67 times earnings! The aftermath was devastating for them and the repercussions have lasted for decades. Japan might be an interesting place to invest now though their demographics are terrible which may be explained by the poor economic outlook for so long.

    • @williamfowlkes9767
      @williamfowlkes9767 Před 2 lety +2

      ​@warrenrose68 My point was not that you would have been better off taking his position back then only that it is incredibly difficult to predict the demise of a bubble. Investors were correct in that as long as the Fed was ultra accommodative it was hard to lose and you could almost invest blindly. Who would have known though in 2011 that the Fed would resort to such extreme measures that I am sure will go down in history. The Fed over the last 20 years have never let the markets clear. We just kept upping the ante. But that game is over. The Fed's hands are tied now. They face very difficult choices. None of which are very palatable. We live in very interesting times in so many ways.

    • @ruyuchen2378
      @ruyuchen2378 Před 2 lety

      I was listening to him 2011, missing 10 years USA stock market gain with 20% average per year!

  • @williammanion7232
    @williammanion7232 Před 2 lety

    I can listen to Mr Grantham all day. I have multiple degrees in law, medicine, science and business and he is a tremendous teacher who should have lectures taught every day to all of us. What a great practical professor who should be leading America through this transition from oil to clean energy. W. Manion, MD, PhD, JD, MBA.

    • @lesbolstad
      @lesbolstad Před 2 lety

      Vlad Putin says not so fast. Also, you listing your degrees makes you a giant douche.

  • @Sinahdlngs
    @Sinahdlngs Před 2 lety

    Eric! Not only he is a great interviewer/reporter but also he chooses the right guests. I have not seen a bad interview from Eric! He is definitely on his way to become a legend.

  • @richardrout5984
    @richardrout5984 Před 2 lety +16

    That man is very interesting. Good interview. Good interviewer. I think he is totally right. Most of it comes back to living beyond our means. We are crazy

  • @kevinjbailey5057
    @kevinjbailey5057 Před 2 lety +18

    Fabulous interview with one of my very favourite investment commentators - well worthy of a careful listen and reflection.

  • @jeromesnyder5802
    @jeromesnyder5802 Před rokem +4

    Thank you for sharing your knowledge and wisdom, Mr. Grantham.

  • @alonalgr660
    @alonalgr660 Před 2 lety +9

    This interview aged well. On the other hand, I had no doubt it will.

  • @pamelatanner788
    @pamelatanner788 Před 2 lety +9

    Fabulous interview! Thank you for sharing your knowledge and wisdom, Mr. Grantham.

  • @robw6244
    @robw6244 Před 2 lety +69

    Brilliant man. He says what most investment managers will not say!

    • @TTrAAsTT
      @TTrAAsTT Před 2 lety +1

      They dont say it, but their cash is mounting up signaling what they think will happen.

  • @tonya469
    @tonya469 Před 2 lety +7

    One of the most informative interviews ever!

  • @chlee4256
    @chlee4256 Před 2 lety +65

    Totally struck by the remarkable breadth of Jeremy's knowledge on such a broad range of topics. Whether we agree with him or not, his arguments are very compelling.

  • @1mcdonaldj
    @1mcdonaldj Před 2 lety +46

    The only thing that concerns me is this dude has been calling for a collapse for the last 12 years and he’s due to be right.

    • @loblowry6282
      @loblowry6282 Před 2 lety +10

      because we got FEDs blowing all kinds of bubbles. He is right.

    • @dionjaba4975
      @dionjaba4975 Před 2 lety +10

      I think if you walk out to your front yard and start calling for rain for the next 12 months, I bet you you will be right.

    • @ZeroJohnnyx
      @ZeroJohnnyx Před 2 lety +3

      I dont think 2008 ever ended. He'll be right one day...but im not fucking selling. You do you. Im still learning, but im doing decent w my covered calls.

    • @1mcdonaldj
      @1mcdonaldj Před 2 lety +1

      @@ZeroJohnnyx I’m never selling… hold the line

    • @bobbuilder5430
      @bobbuilder5430 Před 2 lety +2

      He's 100% right... But still never underestimate the ability for the FED and government to operate in denial and delay the inevitable

  • @aeffebb
    @aeffebb Před 2 lety +9

    Hands down one of the best interviews I have ever seen. So many insights, expressed in such an organized and easy-to-understand manner. Absolutely impressive. I could sit and listen to this man for days.

  • @kiwanlandrethsmith
    @kiwanlandrethsmith Před 2 lety

    Very insightful interview, brilliantly appending purpose to the subject of markets. Stoic when discussing numbers and passionate when discussing destiny.

  • @keepitreal2902
    @keepitreal2902 Před 2 lety +18

    Such good insight from an unexpected source. A financial icon who gets that the world is finite and there are ramifications for life everywhere. Good to see someone has vision.

  • @darknightofthesoul7628
    @darknightofthesoul7628 Před 2 lety +268

    Profound interview, not just the economic part but the broad sweep of humanity's current, self-destructive course. How I wish a person like this could make it to the White House...and the Kremlin. Put our combined efforts into making this world healthy and prosperous for everyone, rather than creating yet more advanced weapons that can annihilate us even faster than the older ones.

    • @larsh2923
      @larsh2923 Před 2 lety +7

      There is a Grantham already in Kreml. The Russian GDP as measured by PPP is $4.1T with a debt (corporate & fiscal) of only $300B or 7.3%. Russia don't have to finance endless wars and >180 military bases around the planet.

    • @lawrencethompson127
      @lawrencethompson127 Před 2 lety +5

      I agree with you 100%. I will be long gone before this happens, but anyone with any degree of intelligence and feelings of responsibility for the future of mankind should pay attention to this man.

    • @rg1924
      @rg1924 Před 2 lety +5

      It will be sent to the White House but Sleepy Joe will probably fall asleep 3 minutes into the video... Trump is more qualified to deal with these problems by far

    • @innocentiuslacrim2290
      @innocentiuslacrim2290 Před 2 lety +19

      @@rg1924 Trump is not qualified to tie his own shoe laces, let alone financial crises.

    • @rg1924
      @rg1924 Před 2 lety +9

      @@innocentiuslacrim2290
      Strange your username is Latin because your support of Joe Biden is going to lead the USA down the same path as the Roman Empire... poverty, ruin and extinction

  • @dear_darling
    @dear_darling Před 2 lety +5

    most uder-rated journalist on Bloomberg and the world of finance. Great interview!

  • @puneetsingh70
    @puneetsingh70 Před rokem +1

    So glad to hear someone with knowledge, understanding, courage and vision. Not just making money, but really thinking of wealth creation beyond money. I wish I could have someone like him in my life if not in leadership positions for the country.

  • @BradKaellner
    @BradKaellner Před 2 lety +64

    Still a learning machine after all these years! I very much admire Jeremy Grantham

  • @greghouston2521
    @greghouston2521 Před 2 lety +33

    Jeremy Grantham is the true student of Bubbles over investing history.

  • @mbm8690
    @mbm8690 Před 2 lety

    Best interview and analysis on economics I've heard since many years.

  • @abb0tt
    @abb0tt Před 2 lety +1

    Take the truth with deep breaths, it goes down easier. His words are so informed and genuine it's chilling, but most importantly, sobering. This interview is priceless.

  • @nguyentminh
    @nguyentminh Před 2 lety +17

    Didn't agree with everything Jeremy said but he is a man of wisdom. His responses got much better as the interview went on. Worth 37 minutes to watch.

    • @Ericsaidful
      @Ericsaidful Před 2 lety

      And what did you disagree with, exactly?