This guy is a broken clock. Just watch his all interviews for the past 30 years he is always like this. What funny is while he is calling market a bubble he doesn't compare it to bond market. As if he is intentionally trying to scare inexperienced people
I upped the playback speed so I could listen to everything. He's surprisingly knowledgeable and straightforward. He's honest about needing to tax the rich and help the poor. He's right about climate change. Greenland had some rain over the winter, Siberian permafrost is starting to release vast amounts of methane, these are the feedback loops climate watchers have feared. Feedback means warmth causes more warmth, melting causes more melting.
The only problem is that solar and wind energy is not the solution which is testified by the fact that oil, gas and coal industries are lobbying them. If there will be enough political will to have gen 4 nuclear power plants, we might just make it. France is leading the way.
@Mastodon1976 Solar is only viable if deployed in the Earth orbit and beamed back as microwave or laser energy. On Earth the efficiency is lacking, production of panels and wind generators is expensive and non-environmentally friendly and, most importantly, doesn't provide energy a lot of the time (sun not shining, wind now blowing). This is offset by burning coal and natural gas which is definitely not part of the solution, so you don't know what you're talking about, mate.
Right, and progressives will continue to tell people that climate change is a horrible thing. The climate has been changing for as long as the earth is around.
@@whatsupbudbud rooftop solar is extremely viable. No transmission losses, you can even gain efficiency by removing ac to dc conversations in electronics(cheaper electronics prices). That would substantially lower installation costs by removing, or lowerering the size of the inverter needed. In warm environments you can even eliminate hot water heating by using a holding tank on the roof and some clever engineering.
"The EPA is run by coal mining lobbyists. Ten years ago you couldn't have written a novel where things like that would have happened." In fact Orwell warned us of this 70 years ago
The more I watch of Grantham after seeing the more recent bubble calling interviews does make me start to think he is something of a broken clock, unfortunately. He might be right one day, but probably not today, or tomorrow.
Rookie investor: The market is a bubble it will burst soon. After market climbs 40% in 3 years it drops 20% Rookie investor: I told you it was a bubble.
If I didn’t listen to him I would’ve made so much money last year....after this interview the market has since doubled, then he just keeps preaching the fear of bubble, I don’t know man..
@@oldboyltd.2180 There is 1.3 quadrillion dollar in the world. And you are saying because FED printed 7T dollars (less than 1% of the total dollars) in the last 13 years market has gone up like 1000% kiddo let me teach you something really quick. FED's actions affect the short-term actions not longterm actions. The reason why we are up so much is that the innovation allows companies to grow exponentially. The S-curves feed another S-curves. And humanity has just started. You haven't seen sh.t yet.
@@oldboyltd.2180 I am an embedded system and AI engineer. If I say you haven't seen s.t yet I mean it. Don't compare today's market to 1900s just compare companies margins
This guy is an idiot. He has been calling the market a bubble since 1980s he is always like this.. He just doesn't understand the world. He doesn't understand the fact that humanity grows exponentially not even linearly.
Holy s.. I just noticed you posted your comment a year ago and not 3 years ago. Are you dumb or what? Did't you check the market after his comments? Companies earnings going through the roof.
He contradicts himself on demographics as he claims the same set of circumstances will lead to a negative outcome in the West, yet does not take the same into account when assessing his predictions for the East.
Indeed, there are a multitude of factors affecting the East and the West differently, and there's no doubt in my mind that if trends don't change, the East will soon be better off than the West. Having said that, he inferred that the same demographic trends that deeply worry him in the West did not seem to bother him one bit in the East and that's, simply put, a fallacy.
@@Ken_from_mumbai sure thing bud sure thing I think you should short the market with everything you own and not close your short position for 2 years. Market will drop like 80% because you see market doesn't go up because of earnings it goes up because FED prints tiny amounts of money. Yes tiny comparing to total USD which is 1.3 quadrillion
Expand the earn income tax credit and put half in a retirement account and half in working Americans bank accounts. That can help the wealth gap and steady the economy. Just a thought.
I respect Grantham for giving 90% of his wealth away even though he could give away 99% and still be fine; whereas Buffet and Gates cling to their wealth.
Parture Gates gave away well over 30 billion, and has plan to give away rest of his wealth. Who are we to tell Buffett what to do with his money, your respect is worth $0 in his books.
@@s1u8nActually he gaver it away to himself in his organization to do with as he pleases and as he decides, so that is not giving it away to charity. Harder for a rich man to get into heaven than a camel to go through the eye of a needle. Buffet and Gates are both atheists, they are going to Hell, since they reject Jesus as their Lord and Savior. Bad people! I assume you are of the same ilk.
As others have pointed out, he did not give away 90%. The foundation is in his name, probably heavily under his control. I have also heard of other millionaires and billionaires using nonprofit foundation under their name as a way to hide their wealth from taxation. So, it could be generous on his part, but there is no reason to assume that offhand.
I was wondering about that too. He's saying that the income inequality and corporate polution is a right wing thing, i guess. And on these 2 points he'd be right, since the left wing is more socialistic and environmentally conscious
The government has grown in the last 50 years, war spending keeps the Right happy, welfare spending keeps the left happy. Only libertarians decry the growth of government.
I could understand the comment with regards to specific topics (i.e. immigration, organized labour, etc.), but I wouldn't agree that it's the case across the board.
How so? Seriously? Well...are you not familiar with Ronald Reagan, Newt Gingrich, the Bushes, Cheneys, Rumsfelds, Wolfowitzs, Milton Friedmans, Greenspan, Karl Rove, Ollie North, Alexander Haig, Elliot Abrams, William Colby, Scooter Libby....while the Democrat Party drifted to the right and now has outflanked the Republicans...if you think Clinton and Obama were leftwing progressives you've been drinking Limbaughs and Hannitys and Oreillys koolaid jello shots my friend because US domestic and foreign policy has been unerringly consistent despite the changing lampshades every four years.
The stock market isn't going to grow 2-3% annually in the next 20 years, it's going to fall sharply. During the 14 year period 1968-1982, stocks fell 60%, and it will happen again because we're in a bubble again.
"The stock market isn't going to grow 2-3% annually in the next 20 years" yeah when you don't know how fast innovation going you would think that way. Bud humanity grows exponentially not even linearly. As an embedded system and AI engineer I can tell you, you will be shocked....
Loses credibility as a climate-change alarmist and population-bomb alarmist. But at least he's right about the coming long-term decline of the U.S. stock market.
This aged very very well
This guy is a broken clock. Just watch his all interviews for the past 30 years he is always like this. What funny is while he is calling market a bubble he doesn't compare it to bond market. As if he is intentionally trying to scare inexperienced people
Too well
I upped the playback speed so I could listen to everything. He's surprisingly knowledgeable and straightforward. He's honest about needing to tax the rich and help the poor. He's right about climate change. Greenland had some rain over the winter, Siberian permafrost is starting to release vast amounts of methane, these are the feedback loops climate watchers have feared. Feedback means warmth causes more warmth, melting causes more melting.
The only problem is that solar and wind energy is not the solution which is testified by the fact that oil, gas and coal industries are lobbying them. If there will be enough political will to have gen 4 nuclear power plants, we might just make it. France is leading the way.
@Mastodon1976 Solar is only viable if deployed in the Earth orbit and beamed back as microwave or laser energy. On Earth the efficiency is lacking, production of panels and wind generators is expensive and non-environmentally friendly and, most importantly, doesn't provide energy a lot of the time (sun not shining, wind now blowing). This is offset by burning coal and natural gas which is definitely not part of the solution, so you don't know what you're talking about, mate.
Right, and progressives will continue to tell people that climate change is a horrible thing. The climate has been changing for as long as the earth is around.
The climate has changed for years. Anthropomorphic climate change is a scam.
@@whatsupbudbud rooftop solar is extremely viable. No transmission losses, you can even gain efficiency by removing ac to dc conversations in electronics(cheaper electronics prices). That would substantially lower installation costs by removing, or lowerering the size of the inverter needed. In warm environments you can even eliminate hot water heating by using a holding tank on the roof and some clever engineering.
never heard of this smart man...thanks cnbc !
What a man!!! Loved the journalism too. The world needs more of it.
Excellent interview
"The EPA is run by coal mining lobbyists. Ten years ago you couldn't have written a novel where things like that would have happened." In fact Orwell warned us of this 70 years ago
The more I watch of Grantham after seeing the more recent bubble calling interviews does make me start to think he is something of a broken clock, unfortunately. He might be right one day, but probably not today, or tomorrow.
Rookie investor: The market is a bubble it will burst soon.
After market climbs 40% in 3 years it drops 20%
Rookie investor: I told you it was a bubble.
Think again...
Great Interview
Breath of fresh air, pun intended.
If I didn’t listen to him I would’ve made so much money last year....after this interview the market has since doubled, then he just keeps preaching the fear of bubble, I don’t know man..
Maybe don't invest based on television. Use it as info, but make your own decision. Nobody knows the future, best to bank on that.
@@oldboyltd.2180 tell me you are an ignorant who has zero idea about the market without telling me
@@oldboyltd.2180 There is 1.3 quadrillion dollar in the world. And you are saying because FED printed 7T dollars (less than 1% of the total dollars) in the last 13 years market has gone up like 1000% kiddo let me teach you something really quick. FED's actions affect the short-term actions not longterm actions. The reason why we are up so much is that the innovation allows companies to grow exponentially. The S-curves feed another S-curves. And humanity has just started. You haven't seen sh.t yet.
@@oldboyltd.2180 I am an embedded system and AI engineer. If I say you haven't seen s.t yet I mean it. Don't compare today's market to 1900s just compare companies margins
I love this guy!!
Yeah he is so funny and definition of rookie investor :D
This man is a true & honest genius
This guy is an idiot. He has been calling the market a bubble since 1980s he is always like this.. He just doesn't understand the world. He doesn't understand the fact that humanity grows exponentially not even linearly.
Holy s.. I just noticed you posted your comment a year ago and not 3 years ago. Are you dumb or what? Did't you check the market after his comments? Companies earnings going through the roof.
Right on, perfect said.
Is the reason to stay away from the US equities also to stay away from the US Dollar Index?
Wise man.
He contradicts himself on demographics as he claims the same set of circumstances will lead to a negative outcome in the West, yet does not take the same into account when assessing his predictions for the East.
Time lag!
Not really, because of other factors which allow China to keep rising, US declining.
Indeed, there are a multitude of factors affecting the East and the West differently, and there's no doubt in my mind that if trends don't change, the East will soon be better off than the West.
Having said that, he inferred that the same demographic trends that deeply worry him in the West did not seem to bother him one bit in the East and that's, simply put, a fallacy.
Wow he was right
He was "hoping" the bubble would burst.
He was wrong a year later re stocks
Where was he allegedly wrong exactly????
@@dh6517 they went up astronomically, not down, as he predicted.
@Sero Suit the fed most likely would have printed anyway, anything to keep the market up.
The fed made things a lot worse this year, now it’s an inevitability
@@Ken_from_mumbai sure thing bud sure thing I think you should short the market with everything you own and not close your short position for 2 years. Market will drop like 80% because you see market doesn't go up because of earnings it goes up because FED prints tiny amounts of money. Yes tiny comparing to total USD which is 1.3 quadrillion
Expand the earn income tax credit and put half in a retirement account and half in working Americans bank accounts. That can help the wealth gap and steady the economy. Just a thought.
I respect Grantham for giving 90% of his wealth away even though he could give away 99% and still be fine; whereas Buffet and Gates cling to their wealth.
Parture Gates gave away well over 30 billion, and has plan to give away rest of his wealth. Who are we to tell Buffett what to do with his money, your respect is worth $0 in his books.
@@s1u8nActually he gaver it away to himself in his organization to do with as he pleases and as he decides, so that is not giving it away to charity. Harder for a rich man to get into heaven than a camel to go through the eye of a needle. Buffet and Gates are both atheists, they are going to Hell, since they reject Jesus as their Lord and Savior. Bad people! I assume you are of the same ilk.
@@Parture omg.. you're one of those. What a loon lol
As others have pointed out, he did not give away 90%. The foundation is in his name, probably heavily under his control. I have also heard of other millionaires and billionaires using nonprofit foundation under their name as a way to hide their wealth from taxation. So, it could be generous on his part, but there is no reason to assume that offhand.
It is time to close our capital account print eighty times the amount of currency expand our banks 500 Times invest like mad and grow at ten percent.
Jeremy Grantham has got it right one time but is 180 off now.
Really?
Lower workforce growth. Unless...you open the border with Mexico and let in anyone. If nothing else they can have babies.
Why does this ancient stuff keep ranking?. It stopped being relevant over a year ago
He's clueless what comes to China. He can't see their coming crash which will make last financial crisis to look like picnic-trip!
stop the americans from chem trailing that might help do you think
"We've been drifting to the right for the last 50 years", how so Mr Grantham?
I was wondering about that too. He's saying that the income inequality and corporate polution is a right wing thing, i guess.
And on these 2 points he'd be right, since the left wing is more socialistic and environmentally conscious
The government has grown in the last 50 years, war spending keeps the Right happy, welfare spending keeps the left happy. Only libertarians decry the growth of government.
I could understand the comment with regards to specific topics (i.e. immigration, organized labour, etc.), but I wouldn't agree that it's the case across the board.
How so? Seriously? Well...are you not familiar with Ronald Reagan, Newt Gingrich, the Bushes, Cheneys, Rumsfelds, Wolfowitzs, Milton Friedmans, Greenspan, Karl Rove, Ollie North, Alexander Haig, Elliot Abrams, William Colby, Scooter Libby....while the Democrat Party drifted to the right and now has outflanked the Republicans...if you think Clinton and Obama were leftwing progressives you've been drinking Limbaughs and Hannitys and Oreillys koolaid jello shots my friend because US domestic and foreign policy has been unerringly consistent despite the changing lampshades every four years.
The stock market isn't going to grow 2-3% annually in the next 20 years, it's going to fall sharply. During the 14 year period 1968-1982, stocks fell 60%, and it will happen again because we're in a bubble again.
Maybe, but you’re wrong so far
@@staleydu1 no we're right. The fed is just violating its own mandate to counter act the lack of money velocity
@@Vkob "The fed is just violating its own mandate" wtf are you talking about like how ignorant you people are really?
"The stock market isn't going to grow 2-3% annually in the next 20 years" yeah when you don't know how fast innovation going you would think that way. Bud humanity grows exponentially not even linearly. As an embedded system and AI engineer I can tell you, you will be shocked....
India a stable society ???? Come on Jeremy...
This man is clueless.
This comment is boobless.
Utterly clueless indeed
Loses credibility as a climate-change alarmist and population-bomb alarmist. But at least he's right about the coming long-term decline of the U.S. stock market.
Are you stupid? Climate change is real and imminent. Keep living on the Fox News bubble.
Agreed.
@@mld962 according to science deniers like James Hansen and Al Gore we were supposed to be underwater years ago.
Grantham is a dud.