Grantham warns of Biden stimulus further inflating epic bubble

Bloomberg/Erik Schatzker/1-22-2021grpahic image of Dr MoneyWise pointing to a chart of the 1929 stock market crash with comment

“In the waning days of Donald Trump’s presidency, Jeremy Grantham warned that U.S. stocks were in an epic bubble. He now predicts Joe Biden’s economic-recovery plan will propel them to perilous new heights, followed by an inevitable crash.”

USAGOLD note: Grantham steps up his recent warnings in this Bloomberg interview – a collapse he believes will rival the crash of 1929.

Chart courtesy of • • • Click to enlarge

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