Why Grantham Says the Next Crash Will Rival 1929, 2000
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- เผยแพร่เมื่อ 21 ม.ค. 2021
- Jan.22 -- Jeremy Grantham, co-founder and chief investment strategist of Boston’s GMO, believes U.S. stocks have become an epic bubble and will burst in a collapse rivaling the crashes of 1929 and 2000. In this interview, he explains why, discusses the futility of Federal Reserve policy, criticizes the state of American capitalism, and shares his thoughts on gold, Bitcoin, emerging markets and climate change. He spoke exclusively to Erik Schatzker on Bloomberg’s “Front Row.”
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I'm new to crypto investment, how do I get started with a professional?
You need a huge market crash to force the ppl into the “Great Reset”
Just follow the enemy. Follow the Federal Reserve. Always follow the money and the map is exposed.
Recessions are an inherent aspect of the economic cycle, and the key is to get ready and adapt. I entered the workforce during a downturn in 2009. My initial job out of college was as an aerial acrobat on cruise ships. Presently, I hold the position of VP at a global corporation, own three rental properties, invest in stocks and businesses, operate my own company, and have grown my net worth by $500k in the past four years.
Under the supervision of an advis0r, I diversified my $401-k portfolio across various markets, leading to a net return of over $850,000 in just a few months, all thanks to high-yield dividend stocks, ETFs, and bonds
How can I get in touch with your advisor? I'm interested in finding a more effective investment strategy for my savings.
My financial advisor is Stacey Lee Decker, a highly qualified expert in portfolio diversification. Research her credentials, she's a valuable resource for financial supervision.
After reading your insights, I researched her full name and found her online webpage. Unfortunately, my portfolio took a significant hit, so holding it longer seems unwise. I will look to schedule a call with her.
I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not. my reserve of $450k is still laying waste to inflation and I don't know what to do at this point.. I need solid data on market trajectory..
I'll suggest you find a mentor or someone with experience guide you especially in this recession.
I agree, that's the more reason I prefer my day to day invt decisions being guided by a init-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a init-coach for over 2years+ and I've netted over 2.8million.
Susan Bauer Normansell, my advisor, is a seasoned and knowledgeable expert in the financial market. Her proficiency in portfolio diversity is remarkable, and she is widely recognized as an authority in her field.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume..
Hi Angela. I am no guru, join Brent. However I think the downside potential far outweighs the upside AND when u can collect 5% risk-free in USD Treasuries or bills as you call them, to me seems a no-brainer for maybe a chunk of course, I make an assumption this is your nest egg, bar complete collapse, 5% risk-free sounds pretty good to me.... most stocks yield a lot less and have all the risk that these clowns have procured. Only food for thought.
The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.
I have been investing in stocks for over 10 years now and I have made a lot of money. My portfolio has grown exponentially and I can't thank stocks & ROCHELLE DUNGCA-SCHREIBER enough for such an amazing way to make money!
*ROCHELLE DUNGCA-SCHREIBER* she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and she's considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market?
@Kat@YT I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up
could really use the recommendation, I've been losing a shit-ton lately, I looked up Frances Annette Batista and I wrote her detailing my Fin-market goals,.
What you thinking to do?
Finally an interviewer who listens and doesn't interrupt without need. Very much appreciated.
Some good questions as well.
- Jeremy, good to see you...
- Good to see YOU!
I love when he responds to that like A BOSS!
I thought the same. Great interviewer.
Total agreement. Enjoyable and informative. I mean as much as the subject matter would allow. lol
I thought some of his questions were annoying, but it could be that he was deliberately playing the fool so he could talk about some of the issues that are critical right now. Maybe better to suspend the annoying judgment in favor of wondering if I was watching someone who is indeed very skilled?!
The interviewer knows when to shut up and listen. 👏 Thank you for not interrupting him.
It is the best type of interview style for sure.
he learned that...past interviews were a disaster
So if I sell my stocks and put them in bonds will they be safe if the market crashes? If inflation goes way up are both ds more valuable?
@@timjoseph887 😳 Are those short term stocks or long term?
@@timjoseph887 Your stocks are “usually” long term gain that isn’t too effected by the ups and downs of inflation over a long period. For example, over the last 10 years S&P had about an 8% average return.
You won’t build wealth with bonds.
I wouldn’t worry too much about the inflation. Our government has a bad habit of throwing out safety nets. Long term I’m sure you will be fine. I would not pull anything from my IRA or 401ks. Too many fees! Let it sit and mature.
If, let’s say this is not for wealth building and you’re just putting money aside for a newly born child - bonds would be 👍 excellent. Longer time to produce gains and you don’t have to rely on something like that for retirement.
That all being said make sure you are financially “okay” have multiple savings accounts or money market accounts for liquid Incase of emergencies and THEN invest in your 401k and finally stocks or better yet - index funds.
Unless you have money 💰 then by all means have a blast because the market is crazy right now and day trader is one fun game to play.
(Ps not legal or financial advice - just my opinion)
Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $138k stock portfolio, what’s the best way to take advantage of this bear market?
While there’s more pain to come, investors should look for stocks like Royal Philips NV and Alstom SA that have been beaten down enough that they’re a bargain or get a good portflio manager
I agree, I've been in constant touch with a Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months
I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?
Johanna Mussche is my Adviser, She has been of great help and her tutelage has brought me to a higher understanding of profit generation. You can look up her name on the net for her page and reach out. Understands the job perfectly.
This recommendation literally came at the right time, I dipped by $16k in stocks last week alone. Its crazy! I just looked up Johanna online and researched her accreditation. She seem very proficient & I wrote her detailing my Fin-market goals.
The current system is completely unsustainable. The only reason it continues 'as if' is lending and debt. Lending for healthcare, for homes, for education, and plain old credit cards. trouble is, when the bottom falls out, the lenders get bailed out and consolidated, and everyone else loses their shirt.
My greatest worry is how do we recover from all these economic and global troubles? Especially with the political power tussle going on in the united states.
Every person is affected by this directly or indirectly.
@@michaelrutjens5616 There are several reasons I have been investing under the counsel of an Advisor which are someone who sets asset allocation that fits my tolerance and risk capacity, investment horizon, present and future goals. ''Daina Claire Lougen'' has provided all that and I don’t want to go into ROI on a public space like TH-cam.
@@amandabellz4056 Working with a pundit to develop a well-structured investing portfolio is a wonderful approach to get started. That's why I've been working on my dealings because most investors enter equities and exit with a rapid 10% to 20% profit, I've learnt to be patient with stocks. They miss out on the massive gains since it trades at a P/E ratio of 40-50. Crazy part is that advisors are probably outperforming the market and raising good returns. I will give this a look, thanks a bunch for sharing this Prisha.
short the nasdaq … easy bet on market going down just look at SQQQ UVXY YTD … obviously wall street wants us to believe that it “bottomed” out…. well let’s see.. the fed lied about inflation being transitory
I am just a layman. I have heard others on TH-cam. This economist had an easy way of explaining things; not talking down to a person. I appreciated his presentation as he answered important questions. Thank you.
What did you expect? He's British!
Ray Dalio or Jeremy Grantham, but now Janet Yellen. The margin's positive at least.
aviva las vegas lol that doesn’t tell you much. There are Brits who can explain things poorly just as there are Americans who can explain things well. Doesn’t by itself tell you anything.
Is a layman a man who gets laid?
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I like this interviewer, he asks questions like he actually wants to know what the other person has to say instead of strawman arguments and personal biases being in the way.
Sometimes I just search Erik Schatzker and watch whatever comes up. Always quality discussion!!
@@MrSilviut Ill have to check out some of his other interviews! 👍🏻
@@MrSilviut agree
“Milton Friedmanism is sociopathic,” is a great quote!
Agreed
It’s so unnerving to watch this video today, 9 months later, it’s like watching a train wreck happening in slow motion, while being inside of the train.
Amen Chalky!
It is really nice to watch an interview when a speaker is not interrupted and gets his message across.
That is so true. It is such a rare thing to see an unbiased interviewer who does not interrupt an interviewee..
Keep min mind that Grantham is talking his book and as of April 12 he has been wrong.
@@Wisdom122 Thanks for the comments, I will refer you to my trade analyst to make more income. go more on digital asset
This how you do a interview.
Best interview that I have heard in
a long long time.
This man knows his stuff, one would be wise to listen to what he's saying. Fantastic interview.
His problem is everyone is gonna die, question is when??
WHY, HE IS A FKN COMMUNIST, BASHES FRIEDMAN, AND PRAISES CHINA FKN JOE BIDEN
April 30, 2022 as I comment. We have been seeing everything he says happening. The Big Stocks are starting to slide too...Netflix, FB, GOOG, AMZN, MSFT, and now APPL is under pressure and starting to slide. We shall see, time will tell, but I am prepared. Excellent interviewer and format, and Mr. Grantham is so clear in his explanations. Thank you for this.
Great Interviewer... he let the expert finish his sentences without cutting him off. I often wonder what the interviewee was about to say. Thank you ... this man should be the benchmark for how to conduct talk shows.
Sunshinesallday.... Yes! I'm so sick and tired of the interview/interviewee interruption-style with topic changes and incomplete sentences; which makes for a non-informative blather of static. Ugh. ~ This video is one of the most salient presentations I've seen in a long time.
Interviewers do that when you're saying what they want. I bet if he lauded trump he would get shut down
One of the best interviews I've seen - ever. So clear and articulate without sensationalism - so easy to understand. Thank you both very much.
This video is GOLD 🥇 so easy to understand such complicated subject, thanks
Fantastic update, greatly appreciated. On the other hand there are many ways of manipulating the market. I am glad as a small investor that I am putting my hard earned savings into the most, that being said the only transparent market is day trading. I've made over 9BTC copying and using Feven Lena's daily signals and method, her trading skills is exceptional.
She's active/available on
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I watch these kind of interviews on market perspectives daily and I have to say that this one is right at the top! 38 minutes of engaging content with no time wasted!
This is the kind of financial journalism I can get behind.
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It just confirms ur bias , so its good ?
@@RK-bj8ho it's good because the guest is properly defending his position while also giving reasons as to why he might be wrong. Just seems like ur mad at the interview cause it doesnt confirm your bias
I'd rather listen to this man than a so-called expert who got lucky on GME.
@@RADIUMGLASS if you watch some of his videos and earlier DD's, you can tell he did a lot of research. Yes, he got lucky that wallstreetbets decided to band together to buy up all the shares. However, the fundamentals were still there for gme to go up
My marriage of 23yrs is about to crash. I am so much depressed right now and wish I never used the money I and my husband have been saving to buy our first family home. I used the money to trade in the market and everything is gone. Now he wants to divorce me. I love my husband so much and I don't want him to leave me. I feel like killing myself right now 😭😭😭
Oh my God! My heart is really broken reading this. I can imagine what you are passing through but please don't commit suicide. Everything will be alright.
I feel so terrible about what you are going through. There's a solution to this. And the solution is to get back the money. I will advice you look for a reliable professional trader that will trade for you and help you recover your losses. You can beg your husband to give you some time to raise the money
I'd be willing to give you the email address of the trader who trades for me. I started last 6 months with him and I have made over $220k through him. I started with $5k
@@kristinabergen276 I am also having the same problem. I have lost all my money trading. Please help with the contact of your trader and God will bless you. I have suffered a lot of losses
@@dominickurtis5830 J c o l e m a n t r a d e r
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My first investment with Mrs Anna gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
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38 minutes of pure gold, excellent journalist, insightful interviewee, well-thought questions and answers, thank you
Gold or the lack there of?
Exactly
The bit I didn’t understand is what happens to bonds when the bubble breaks? Will they default ?
When you can explain something as clear and simple as this guy can, you know he really understands the situation. Good interview.
amen
@@millionaireretired1991 his fund returned a total of 5.4% to investors last year. Is that good or bad, I don't know?
PEACE LOVE UNITY PROSPERITY CALM WISDOM HAPPINESS HONESTY
@@millionaireretired1991 yeah and he called the bubble crash in 2000 and again in 2008.
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Many investors keep banging on about an imminent crash while watching opportunities slip off. In my opinion, it will be highly delusional to hold unto your money thinking there will be an apocalyptic market crash. My advice is, Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless. Dont give in to the bullshit of an imminent market crash since it's all bogus hype. The market will exist no matter what happens.
This is true. Forecasts can, at best, give you the slightest idea how the market will fare. It shouldn't be heavily relied upon.
Agreed, i think the major problem is that many investors tend to pay more attention to the shiniest positions in the market to the cost of proper diversification.
@@fernandeskamilla2968 How are you investing? I have around $145k, only index funds, half in s&p and half in vigax, i need something more aggressive to grow my portfolio, What do you think I should try?
@@oliur3913 I would advice you to reach out to her. This way you can get strategies designed to address your unique long-term goals and financial dreams. She's quite known and has got a website. So, you can check her out online and subsequently contact her from there.
This guy is a GREAT interviewer! Blown away by his skill and maturity.
I smell condescension from his disposition. Slight smugness, respectful snideness.
@@kensmechanicalaffair to each, his own, amigo
Hi everyone from 2025, and I wish more people had watched this and took notes. I didn't know Jeremy Grantham until today, but I will never forget him and this interview.
I just want to be here to call out his wrong evaluation of bitcoin :]
@@user-yg4un5jw4s One cannot be wrong about a yet another financial piramid. As much as I hate market propaganda, this man is right. This market hysteria is soon to turn into devastating despair.
All his advice is sound, logical and backed up by experience. I am waiting for the bubble to pop any time soon, making my money without leverage and seeing people take unprecedented leveraged risks and later on whining in comments for help. Idiots.
@@Spark_Iskra_z_Polski How long as everyone been saying bitcoin is going to die for now? It's value is not faith. If you think that then educate yourself properly about what bitcoin is and what it offers. Stay away from TH-cam hype channels and properly research it.
The reason he values it as zero is because he is applying a valuation tool which doesn't apply. Hence why he couldn't value gold with his framework either. That's not logical reasoning.
True story
@@user-yg4un5jw4s I was curious if he’s out of the decentralization innovation loop going on at Etherium as a mere example...
I disagree that nobody saw the 2008 real estate burst coming. I saw it when I sold my house in 2004. I mean it was unprecedented that the value of my house doubled in 8 years. And the buyers of my house were given a loan of 105% of the purchase price. Then I read that people had taken out balloon mortgages. Then, I was offered a "no doc" loan to purchase a condo. I mean the red flags were HUGE
Pull up old issues of "The Economist" they were screaming about the real-estate bust (in 2008) for a year and a half before it happened. I was reading it (had a subscription) but figured they could not let real-estate collapse as it would destroy the economy. Well I was wrong they let it fail
What do you think about the housing market today? It’s still going UP with bidding wars...but many homeowners have equity in the houses to offset any possible devaluation? I could be wrong...I’m waiting for the housing price to be somewhat reasonable to buy...if it’d ever come 😅🥺really need some advise to jump into the market.
@@vanguard1256 Josh,Either interest rates go up crashing the markets to j Clyde the US government debt, or they print even more money that inflation starved you to death (not exaggerating ) Get a professional advise from an expert, my sincere advise.
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I have secured financial freedom by investing in bonds, equities, EFT's and some digital currencies.
I wanted to invest more on Digital currency (BITCOIN ) but the fluctuations in BITCOIN. Value discouraged me into dumping.
That's why you need the help of a professional who trade and understand the market more to earn good income. These professionals understand the markets like it's there own farm and makes maximum profits for
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@@besttime647 I'll recommend Expert mrs pamela Kay Weaver. to you. She's the best ive seen. She trades my fx account and makes me good profits weekly
One of the best market coverage interviews I've ever seen so far! Thanks for publishing !
Yeah right, no one can tell the future last of which are economist they are always wrong
One of the absolute best interviews I've seen in years. Period.
Thats why its viral...3.5 million views
One of the few honest men I've listened to recently. He's quite open about what he owns and how he's profiting but still says it's overpriced or wrong.
Agreed. I have been a fan of this gentleman for a long time now and he is definitely one of the sharpest knives in
the investing drawer. His calm rational approach to stock investing also engenders confidence among his clients.
These "honest men" are honestly clueless, just like the rest of us. Otherwise he wouldn't need to waste time and life making a video about how to make money.
If he held onto something as the price dropped from $130 to $54 should you listen to his advice?
@@johnmknox Yes I would because nobody can be right about everything all the time.
There's reasons to hold on to something even though it's dropping like a stone.
For one thing it could be because you're in it really long term so you know that in 10 years is when you want to cash out or you're leaving it to kids or charity.
Second is because you don't want to set an example for people who are already panicking and contribute to the major selling in the market.
I really enjoyed the interview. He had sort of explained things in very plain language. The warning is real but no one can predict how the bubble will burst. A trigger I guess that erode the confident of investors and then everyone is getting out. We are in the middle of energy revolution and it is a biggest industry on earth. Energy storage is key in transformation to green. So, quantum scape solid state battery is the future and is extremely huge.
Lack of trading discipline is the primary reason for intraday trading losses it is estimated that nearly 80-85% of intraday traders end up losing money in the stock market experiencing loss is also part of the game but that don't mean you should give up.
Tried trading my self but made a lot of loss it hasn't been easy for me since then 😓😢😭😭
Obviously trading in stock's is very volatile and risky to trade that's the reason most investor's trade with a professional broker.
Experiencing losses is also part of the business but that doesn't mean you should give up.
I don't know who needs to hear this you've got to stop saving money, invest some part of it if you really want financial freedom.
this is true trading the financial market wasn't easy for me at first with with the help of my stock broker I earn a minimum of $13,600 biweekly per $1kinvestment I make.
That was a great conversation. Frank, spontaneous, courageous, upright, in-depth, clear, ... Thank you
The interviewer is an actual professional journalist, I thought their kind were extinct...
almost
Presumably, but he forgot to ask many crucial questions, it seems that he goes easy on Grantham
@@vizenberg what else would you have asked?
@@TheVoiceTalk Simply put, I'd ask the finance super hero what has changed since 1929, 2000 and 2008
He didn't interrupt the interviewee every 5 sec yet asked key questions.
What I found most interesting is that the interviewer was behaving like an old-time journalist interviewer, asking questions and accepting answers, UNLIKE today, wherein there are NO journalists, only political activists POSING as journalists.
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Basically the whole game in most highly priced tech stocks (almost all but the tiny ones) is only slightly better than bitcoin: greater fool theory. Good luck day traders!
Well said and sadly correct!
@@davidkincade7161 I'm sick of hearing old farts say you can't touch it and its not real.
Its a risk treat it accordingly.
@@thyrassword9698 yes, cultural differences and historical mindsets certainly affect viewpoints. If u were a paperboy as a kid you probably had interest and knew a lot about the coins you were constantly handling and learning about.
One of the most sensible interviews I have come across, ever! Thanks for the wonderful insights
T
th-cam.com/video/z2ecab6xBc0/w-d-xo.html
D
Best interview ever, on the financial front. The man has a true North Star.
Now this is a fantastic interview! Great respect to the interviewer both for the questions asked and the ability to listen without interrupting. Just imagine how many times Jim Cramer would have interrupted - probably after the first 10 seconds.
yes! 100x better than cnbc
Cramer is a hack
OH NO...Really? Stay away from Cramer...years ago I got burned big time following his advise!
@@fedup1940 Didn't Cramer advise in late 2008, near the market bottom, to stay out of the market for the next 10 years?
2 words to change your life. Micheal saylor
It’s refreshing to hear from a a person being realistic about the market
Yes, the market which has no actual moorings to nature that has put a target on our backs. J. Fresco stated that when the Great Depression happened he realized that while masses of people were out of work the factories remained unchanged! This is no different than the present Covid market which has exposed capitalism as simply a convolution of false assignments that extracts, and erodes, wealth as soon as it has been created- all to the benefit of the true masters of the land, not the people who are also there servants.
@@fossil2516 It doesn't matter how it happened. But if we were truly an intelligent, and insightful, we would have a system based upon an owner-less society where all that we produced would not be restrained by the coercion of consideration. However, most people resonate with the status quo since it has the mechanisms designed to cultivate selfishness as a moral good. We also, would not have to destroy portions of our food supply, in a pandemic, because it's a slave to disconnected market rules which exist to extract wealth for the "gluttony class" not to expand it for labor. Otherwise the US wouldn't be full of dead zones- which is emblematic of systemic disease.
@@michaeladams8303 I hear marxist propaganda.
@@mmml6499 And I hear a conditioned capitalist response to self-guard against collectivism (socializing) in a system that pretends to be a democracy but promotes alienation, and segregation, in order to ensure dispersed power among the masses. For democracy would be socialistic if were not suppressed by republicanism (not the party) And that's what makes the US different from some other Euro-nations that have some respect for human capital beyond mere slavery without chains.
See mm- 3:40
th-cam.com/video/BkkdBYVIS1A/w-d-xo.html
chomsky.info/notion-of-elite-guardian-class-dates-back-to-founding-of-us/
In a 3-5% inflation environment and more money in existence than ever, what if 20-25 P/E is the new normal? Idk. Been thinking about it though...
This man is a prophet. He has accurately predicted 50 out of 2 last big market crashes.
Does this make sense
haha
Market is in exuberant level for a long time. It is now 9 months since this interview broadcasted.
Grantham's advice still rings true. As we saw this week, stocks have utterly failed to respond to the recent spike of inflation. Wages are stagnant, stocks and housing both absurdly unaffordable, labor turnover off the charts. No man can time the crash, but we can all notice alarm signals
The best value investor interview i have ever watched. Challenging yet not trying to bring down the ideology. The interviewer has done a masterpiece.
It is a great interview
Erik is the most adept financial interviewer around.
He interviews like Miles played, know when to lay back, allow space.
So profound, they is gonna crash. Wow, who knew?
They should give Howard Stern a chance. He's a master interviewer.
@@StephenDoty84 lol
agreed
The facts is that the state of economic situation around the globe is seriously in shambles. One has to be on the brink of savings, and if you don't I don't know what the future holds for you or the country in general.
Some of the nations around the globe can't cope with the recent situation, but if the GDP is managed well , there will be a swift change in the things are moving.
@@rebeccacasey9419 The way forward out of this mess might be near but maybe no one is seeing it. See the way Asian countries tackled there own. Maybe we should diversify via investing.
@Kabir Kiaan Well what I have to add is that if everyone in a neighborhood can lnvest 20%of there salary either , forex, estate, agriculture, crypto. Don't you think it will help promote the society at large ??
@Wahad Omar That's why Warren Buffett once said "if you don't find a way to make money while you sleep, you will work until you die".
@@breakingpoints3855 That was deep!I am hardcore fan of Warren Buffett. I got to start investing in mutual funds because of him and I haven't regretted it. With that I change the financial looks of my family.
Reason why everyone should have a profitable investment.people need money
You're right Investment is the key to surviving during times like this when the government decided to mess with people.
Yeah what type of Investment y'all are into .the stock market has been crashing lately.
Bitcoin investment is the best when you're on a profit based platform especially with the current rise.
Investing in cryptocurrency and gold which is better?
I must say I haven't seen a relatable investment, my wife pushed me to start looking into stock and crypto some time before the pandemic because we were looking for other sources of income
There are no rules anymore, there are no limits to what the Fed and Government will do to avoid a recession...
@@theviking6052 Check your excess mortality rate for the past year. If your feckin' shares dropped by as much as they have increased, it'd be a total disaster. But then again, that's money.
@@patsavage1245 “If your shares dropped as much as they increased”. What are you trying to articulate?
Not to avoid a recession. They try to avoid a stock market crash at all cost.
@jmintube that’s like saying “you don’t die of a heart attack, you die of complications from a heart attack.” Well no shit Sherlock, you die if your heart doesn’t supply your brain with oxygen.
Bubble is eminent... and there’s nothing feds can do to or they will drag the US in the deep seas!!
The most important three words in investing is: “I don’t know.” If someone doesn’t say that to you then they are lying.
The four most dangerous words in investing are: ‘this time it's different.'
In trading you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money.
I earn $10,789 monthly and I want to engage in another stream of income by investing but I learn the market might crash very soon because China has gained much influence.
The whole secret to winning big in the stock market is not to be right all the time, but to lose the least amount possible when you’re wrong.
@@debbypugh8359 Do not get afraid . Keep your mind and seek advice and I can assure you that at the end of it all you will win big.
It's already Sept and no market crash, but instead markets are reaching new all time highs. I think Grantham underestimated how euphoric the investors can be when the Fed will print and print to support them. The Roaring 20s is back.
@Dr David Bonar Grantham was not referring to economy, he was referring to stock market and cryptos. Stay on topic. Remember my last sentence "The Roaring 20s is back". Do you know what that means? It a reference to the 20s when stock markets skyrockets while the real economy tanks, then when everyone think they are rich because they own a bunch of stocks, then 1929 hits and the Great Depression happen. And all this fictional wealth disappear. We are reliving history.
Many are gambling without even knowing it, going into a financial transaction without a solid investment understanding is gambling. ... Stories about investors who made their fortune through the market are everywhere, so much that we forget that a lot of people have lost their entire wealth.
I'm struggling in this market. Stocks that I have traded for months and made profits from are not behaving the way I'm used to so I’m quite indecisive on how to further tackle this market, any advise would be grateful.
Success requires market knowledge and I made a very good choice adopting a broker Janet Lee Tracy. You can look her up on gōogle to get on her web sįte, she is much disciplined in this approach.
@@milakarens9030 You need a full trading system & Plan, a Watchlist, position sizing and signals for maximizing gains and minimizing losses, technical analysis alone is not a trading system.
I just did a gōogle sēarch on Janet Lee Tracy, and her work is quite astonishing I can’t believe she has so much experience, I sent her a messagē using the mäil I found on her wēbsitë
I have been testing the waters in the stock market for about 5months now and I’m finding it hard to push through and make significant profits so I want to employ her aid from now on, please is she readily available?
finally a nice stocks interview with no "hard-on" enthusiasm about the market, just wisdom...great and true journalism !
Bloomberg has lied since daay he oped for corrupt democrat business
good questions asked...
*Write on +1....8....1....6....8....6....6....6....5....8....0 whatsapp*
This market has punished the savers and rewarded the speculators. Thank you for this interview.
The blame for this lays squarely at central banks that have depressed interest rates.
@@Sojourner88 central banks have been in desperation mode since 2008, and it never ended and nothing got fixed. The only difference is nearly everyone now thinks things are fixed because prices are higher. Now we have a huge debt bubble, zero rates enticing desperate savers to take on more and more risk as a "no brainer" trade, and the Fed trapped by their own desperation. All societies hit this wall at some point and desperate central banks always print as a last resort but they all end the same
@@rrurban "ALL SOCIETIES" lacked a categorical curve ball.....namely bitcoin and how the providing class uses it to launder money while pumping failing stocks/companies shorts etc and so on...........many a thing has changed since "Societies" we now exist in society 2.0 thanks to echelon and misinformation campaigns make no mistake.
How ?? ..... I saved my money in index ETFs they all rewarded me 🤣
You can add the federal reserve to that statement. The feds. have punished the savers and rewarded the speculators.
This is a Nice video.... So inspiring but do anyone knows about expert Mrs Lisa. Mrs Lisa is legit and her method works like magic I keep on earning every single week with her new strategy
Who's this professional everyone is talking about I always see her post on top comment on every TH-cam video I watched
I think I am interested how can get in touch with Mrs Lisa
@Richard Wisley You can reach her via WhatsApp 👇
@Richard Wisley Are availabilities is sure on WhatsApp 👆
Wow I' m just shock someone mentioned expert Mrs Lisa I thought I' m the only one trading with her
He forgot to mention that Gold (and Silver) are absolutely essential elements for the semiconductor industry. They will always have significant value because of this, without even factoring in the other reasons he mentioned.
Wrong. They are essential for tech but if you look at how much is actually used worldwide for tech its a tiny tiny market. No where near enough to effect their price the way layman gold and silver bugs want to believe.
@@Fx_- It is impossible to manufacture semiconductors without Gold and Silver, I'm not sure what you're confused about. Semiconductors are the most important technology on the planet, whoever controls its manufacture and design rules over the world. Processors such as CPU's and GPU's all use Gold, not just in their manufacturing process but also in the products themselves. You'd be hard pressed to find a computer without traces of Gold in it. It's only sparsely used in the form of a coating, but absolutely essential. This is why Gold and Silver will always have great industrial value. It's not the quantity used that matters, it's the fact that these are essential ingredients for the most high-tech industries in the world. No Gold/Silver means no computers of any kind. As an example the heart of a computer (CPU) has its contact pins coated in Gold. Same goes for GPU's which power data centers and such. It is also used on the printed circuit boards. High-end circuit boards in super computers use Gold traces and contact pins.
@@ApocDevTeam ok ignorant gold bug... you are missing the part where you check the global supply of gold and silver and then you check the amount of gold and silver used traded for semiconductors.... and then you shit your pants at how tiny that market is. Essential doesn't mean massive price pressures on gold and silver. Its as if your brain had a nervous breakdown when I introduced to you the killer of the gold/silver thesis boomers and naive kids push with only stories and zero quantitative data.
@@Fx_- how tiny is this market in percentages?
@@niemoikein4330 If I recall correctly semiconductors use 0.75 % of yearly silver output. Also read the following notes:
In order to use specific material in semiconductor processing you need the following things:
Have right properties for its use.
Have processing capabilities.
Have reliability properties that match the one of the final product.
Be cost attractive.
Silver have the right properties for resistance (have lowest bulk resistance - 15.87 nΩ·m) and that’s about it. Copper resistivity is higher (116.78 nΩ·m) by order of magnitude but it posses the other 3 needed properties - known depositions processes, reliability requirements and cost.
Keep in mind that when you need to deposit conducting material into 50 nm wide line it requires highly sophisticated processes and equipment.
Once that achieved - and it take many year to develop reliable process and equipment - this line need withstand tremendous current density over and over. Here reliability consideration - such as electromigration - are setting the material selection. And Silver is not very good in this.
The most articulate and no nonsense piece of economics anywhere on the internet
I agree wholeheartedly
He’s called a big crash every year for the last 10 years. Can’t argue with a guy who’s called twenty of the last 2 recessions. Heck of a track record.
@@bocajet It sure does seem like it's close. Miners sold off and now the tech stocks look like they are getting ready to roll over and Buffett pulled out of some of his Apple position to go into Verizon. Sounds defensive to me. I think the drop is coming soon.
@@bocajet Even so, the warning signs this year in particular are damning. I mean, how are stock prices 1.5-2X higher than they were just before the pandemic struck? And for tech stocks, 4-5X higher? That's a bubble, period. The only question is how long until it bursts, and I predict it will pop later this year, maybe July/August.
And it's also obsolete and designed to keep the lower class out of the equities market while their dollar keeps getting destroyed. The old concept of "what goes up must come down" gets thrown out the window when the USD is being printed endlessly and pumped into the market. Classical economics is obsolete. We're in a new era.
We will continue to Elliot wave up, but not because the economy is doing spectacularly well, but because the dollar is continuing to weaken and the market is a way for smart people to tread water while everyone else sinks from the increasingly worthless dollar. I think it's probably been like this for a couple decades already, actually. An ounce of gold is the same ounce of gold from 1994. What changed? The dollar.
The market has grown at about the same rate as gold. This suggests that inflation is controlling these asset prices over the long haul and that everything else is just short-term noise.
The host did a great job with this interview and the guest is brilliant. Watching this interview was a great investment of my personal time.
I said the same thing to my son just now,,,,38 years in finance and i have never saw such a good interview
The best interviewers usually talk very little and let their guests do all the work.
BTC isn't a stock, it's an asset and a future currency.
I have just come across this excellent interview with JG and I cannot agree more with him, and in particular with his opinion about SPACs.
While listening to Jeremy I recalled an excellent book "Extraordinary Popular Delusions and the Madness of Crowds" written in 1841 by Charles Mackay. In Mackay's narration of the South Sea Company swindle in the early 18th century in England, it is described how in the wake of the madness created, a number of new ventures (rightly then called "bubbles") each one crazier than the previous, the most shocking one was started by an adventurer who sold its shares with the title "A company for carrying an undertaking of great advantage, but nobody to know what it is".
It may the case that the designer of SPACs got the idea from Mackay's book.
This was a great interview, although his comparison of bitcoin to gold only serves to support the legitimacy of bitcoin. He thinks very highly of gold and very poorly of bitcoin, and gives the following two reasons: 1. gold is older (this only matters if you believe that new things cannot have value, he doesn't believe that and no one else does) and 2. gold doesn't tarnish or decay (he intends this to be a criticism of bitcoin, but this is one of the primary distinguishing characteristics of bitcoin; it is finite, does not decay, and cannot be printed or mined other than through it's predetermined formula- in this regard it is the same as gold). Everything else he said was great.
The fireplace is a true work of art. One of the best I have ever seen.
Ya, is that a Budda chick?
Awesome! I agree!!
Right I love that huge stone spanning the opening in the hearth. Epic stonework
Looks like it was made from leftover crapola.
Scott W i saw that Budda chick and thought hmmm she ain't sittin the way Budda's usually sit 😂
Mad respect for this guy. Most sense I've heard regarding the markets to date.
TY sir !!
Yeah, if you ignore his comments on green economy and the last few minutes about more government spending.
@@AlJay0032 lol I was just about to say this. The end made me so uneasy .
He’s a clever man in a misguided way. He’s invested in green tech and is pushing it. Great interview and more public spending mmmmmm to late
Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current price of 1 BTC now
*Write on +1....8....1....6....8....6....6....6....5....8....0 whatsapp*
Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.
I had been living under average financial earnings until i came in contact with a professional broker Debbie investment. Life have been better afterwards.
Since I started trading I keep loosing I almost decided never to trade anymore what should I do now?
That’s why you need a professional broker that we make trade and much profit for you
Any kind of trading you wishes to trade requires a trustworthy broker and Debbie’s investment company is available to help you in any kind of trading.
I don't know so much about BITCOIN, someone should please explain how to get in touch with this Debbie investment?
I'ld rather make thousands of dollars per week investing in the forex market with the help of a seasoned broker. Easiest and stress free way to make passive income online. 😊😊
Most people claim forex trading is the most profitable investment online, but I dont really know how to go about this lol.
I wanted to trade forex but got discouraged by the fluctuations in price!
@@georgebixby8800 Get an account manager for a start. You can make a lot of money while trying to master the skillset.The best way to go in my opinion.
@@georgebixby8800 The best strategies don’t even matter much without investing with an expert or signing up for mentorship. Trading without an expert or mentorship blows your entire account off
Hi Freddy, who do you trade with please? I want to make a lot of money from trading.
"Shorting is only for a handful of people who really know what they're doing". Boy did he call that one right.
I watched a billionaire cry on live TV as he lost 6billion during the interview.
@@joshlwilson oh nice.
I was thinking this was rather prescient.
We are coming to the REAL crux of the matter... _wage theft._
It's not over taxation, it's the undervaluing and underpaying of people's work. The stimulus was given to the wrong people. The economy's cash is all tied up in speculation and not doing any real work. And yes, wage theft both ideologically and _actual_ is at the highest it's ever been in our history. And who protects us against these abuses?
Just another thought. Alan Greenspan was a disciple of Ayn Rand... part of her inner collective.
@@joshlwilson Dude, he cried because he CARES, don't you understand? :))
Jeremy Grantham just won my respect. Not the last time I will spend some time listening to him. Thanks for a faultless interview.
I never thought Jeremy was someone to follow, but this interview proved he definitely is someone to listen to. He gets it…
Still pretty much boomer investment mentality. Not to say stock aren’t overvalued. Being right too early is as good as being wrong.
Your statement is cool except the definition of being too early is subjective and can only be determined by hindsight?
Being right too early is NOT as good as being wrong. Investment is lifelong. You don't try to be right at every transaction. You try to get the right logic, right attitude, right risk profile for yourself. That's what being right is about. Not being right about projecting a crisis that is cyclical to begin with? Being wrong would be akin to gambling with other people's money and going in blindly won't you say?
This was a brilliant interview, thanks to everyone who took part
What a refreshing honest interview. The interviewer and Mr. Grantham are professional, easy to follow and are respectful. The topic they are discussing can be disheartening, but it is nice to know someone is looking out for the retail investors instead of fleecing them of their hard earned labor by misleading the retail investor to go all in and go for broke.
How about this perspective, the fed constantly pumping in money is causing these asset managers a great head ache because they need to realocate / de risk the assets by holding more cash because the value of all other assets is going higher . i am just using occam's razor its easier to assume that this dude would take a position of not wanting asset inflation because it makes his fund more risky than assume that this dudes care about retail investors.
Few people are both smart and moral. Jeremy Grantham is of the few. It is a pleasure to listen, when one speaks. Thank you.
How could you possibly know his level of morality based on a television interview. How can you know a person as moral if they are a complete stranger. Thats absurd
Thank you for showing scenes from around the world. We are on a precipice, but need true information to see clearly. This way we know we are not alone.
This is a stunning interview beautifully articulated, glad there are others who see through the fog too. We're living in massive, massively fraudulent times, value is utterly misplaced, and loss has been hidden on a scale never before seen. Extraordinary times ahead.
Could not agree more.
The western world economy basically become a high expenditure, low long term return market. Does that sound any attractive to capital investment?
where is the fraud? Noun: wrongful or criminal deception intended to result in financial or personal gain. Hint: watching faux news and hearing them say it and repeating f it here like some dumb sheeple does not make it so.
@@chillpillology Watch the end of the interview. There are tons of people committing fraud by telling the world that "it is getting warmer and the sea will swallow the land" while they buy pretty seafront property.
Or the fact that we are told that the unemployment rate is a mere 6% while the soup kitchens and government assistance programs are overwhelmed. It is either or in this case, only one thing told by the msm can be true.
You are the sheeple performing doublethink if you think James Palmer is wrong here.
@Caller ID Yeah, while knowing nothing about me you know exactly what I believe. To repeat: There are a lot of people who get public funding for "climate research" (aka concocting fantasy) while actual scientists don't.
I got a chip on the shoulder for just this and all the mistakes built on that. While I focus on earth science, You may continue talking about aliens.
Fantastic guest, great interview, surprised I have not come across Jeremy before, thank you for the introduction, common sense and a like minded individual, brilliant reading of what is happening and about to happen. Much appreciated.
I saw this video today 2-oct-22, If only I could have seen this video 1 year back I wouldn't have lost so much in the market, I am fully invested and sitting on loss
Feel you bro. Gotta have a bear in the back of your head
I’m back! Just wanted to restate how amazing this interview was and how accurate his call was. His follow up interview this year 2022 was right on the money too. These interviews allowed me to survive this market and so much more, Grantham is my personal hero 😊
lol xd
Erik is one of the best high-level interviewers in the world. Pay him well Bloomberg.
I have listened to this Bloomberg TH-cam interview in its entirety with Jeremy Grantham, at least six times now, he shares a lifetime of accumulated knowledge and wisdom in a time when we need sound logic and direction desperately. THANK YOU!!!!!!!!! Mr. Grantham.
Even after one year no sign of crash
Excellent interview, done by a journalist who exercises classic good journalistic standards:
He stays in the background, asks interesting questions, and then he lets his interview pardner unfold his views on the topics. Good and interesting interview.
So I was wondering: How should someone prepare for the burst of the bubble? Stay in cash? Emerging markets?
I'll be listening this guy more and more, moving forward. Great interview, thank you for posting.
anyone else get this recommended during the Game Stop stock event
Well it happened during the GameStop event
Yep
aaah you are one of the lucky winners
*hamgs up phone. tuut tuut tuut
HOLD THE LINE
How did people even know to buy some of these stocks that went 200-1500%
Who else is watching this in June 2022 and realizing he was right about so many things?
incredible how accurate he was in his analysis, 1 year later and everything is spot on
Great job on Erik Schatzker, wish there were more interviewers like him.
so much for German efficiency
This is one of the best financial videos that I have watched probably in the last 10 years, or ever. Very clear, honest, and no pumping of any particular assets. Thank you Mr. Grantham for sharing your wisdom and thanks Erik for asking the important questions of the day.
OMG it's political propaganda to protect the horrible management of the Federal Reserve Board. ERIK its such a Federal Reserve minion. You're just looking for blame in all the wrong places with this guy.
I still can’t figure out where all this optimism in the market is coming from. There’s really no fundamental reason for any of it..
TINA?
Money money money...
There is no optimism the government is just printing money people will stay in the stock market until the government decides to turn off the money making machine. Once that happens it’s over.
@@michaelkniazuk6418 I think you are right. People are brazen out! They keep gorging on the printed cash!
jibba jabber
The problem is we've been hearing talks about a crash coming for years. We got the worst crisis in 100yrs with Covid and the market is at all time highs. We had a 4 week downturn and then right back up again. It can keep going up for years. I've been in cash mostly for 2 yrs waiting for the big crash and instead of making money I'm losing it to inflation. My patience is running out. I think the FED has to keep things propped up. And whats to stop them from buying stocks outright as a last resort?
Invest in ammo. It'll be a life saver.
Brilliant. Over my head, some of the information, but a brilliant piece of work. A nod to the editor, sound technicians and camera crew as well. Direct questions, well-paced, excellent craftsmanship from Mr. Schatzker, clear answers from Mr. Grantham, crisp and technically spot on. Doesn't get any better than that. Would love to see part 2.
Hey MDM That's to OK, I watched it three times and took away a wealth of information each time.
I will havr to watch a few times too. A year later, he was right. It is all happening.
Thank you Erik and Bloomberg for sharing this 🙏🏻
This is my favorite video of the year, Grantham didn’t get the timing quite right on the crash but he got everything else right. The craziest parts of the equity and crypto markets have crashed from their peaks. The broader markets are increasingly being held up by fewer and fewer stocks/crypto’s as they scale new all time highs.
Phase one of the crash is over and now we move into phase two. The names that have crashed will remain excellent trades, especially for options, up or down. The titans can try to carry the markets by ignoring reality, but now they have the most ridiculous valuations on a relative basis. My expectation and trading position assumes that over the next few months they will start to fall.
have incurred so much losses trading on my own..I trade well on demo. But I think the real market is manipulated. Can anyone help me out or at least tell me what I'm doing wrong
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
That is true, you need an expert broker and account manager to make good profit from Bitcoin trade
Then how can someone get a professional manager that is trustworthy and legit they are hard to find this days
You don't need to be shocked because I'm also a huge beneficiary of expert Mrs Stacy
Who doesn't know her. Her stories is painted everywhere on the internet. Here in Canada Stacy carry out the both orientation and mentorship potentials
The investment side of banking should never have been allowed to combine with the other side. Markets of marketing markets is gambling people's lives.
..and the money market, that has been London-HongKong manipulates currencies,
exchange and purchasing power.
Spot on.....
Risk what you can afford to lose.
That guy is a calmer version of Peter Schiff
Nailed it hahaha!
Poor guy has been fighting money printing for years.
LMAO. Another loser!
Peter Schiff's an idiot. He's always in denial on the excesses of capitalism's role in the historical financial market's meltdown
Hahaha I was thinking about him too. Peter Schiff is more fun, but also a bit more tiring to listen to at times
Thanks for the time both of you spent to inform others
Amazing and terrifying interview at the same time. One of the best interviews I’ve seen in terms of structure and clarity. I’ve put some comments below on the challenges with this. But I’m hiding Tesla for the very reason it’s green, sustainably focused and in the EV market - not sure there is a better stock in the US at this time. Everything else in liquidating to cash. But then where do I dump the cash to be safe during this time? Will look at emerging market funds now and sustainability funds.
I was around for the euphoric feeding frenzy of the late 90's. Don't make a product? Don't have earnings? Don't make a profit? It doesn't matter....take my money! This feels the same.
The late 90's? LOL. I was around for the late '70's, and every one thereafter. Well I remember the lessons of same !
The frenzy is insane..... it will pop.. but as long the FED is printing and interest is low..I just ride the wave. The trend is your friend until the end...
yuuuup
@@batavusfietsbel Aren't you afraid that you're going to miss "the end" and lose everything? Investors and analysts who have been around for decades, all say that the crash always happens suddenly. One minute you are doing great, and the next minute you have nothing, you've lost everything.
@@katharina... What is the alternative? I think that’s the problem, to me there seams to be no alternatives, with interest rates are very low. Maybe gold, maybe cryptocurrencies (although it might as well crash too, impossible to tell I guess).
Best real world reality interview I’ve seen in a while
Lol, the guy is peddling the green narrative and you think he has credibility?
The most convincing speaker on this subject I have heard, although he is hard to come up with due to the density of his ideas
Believe in yourself and success will great you! Wishing you and your family a happy new year in 2022!