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.
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
@@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.
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!
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.
@@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..
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
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’.
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.
@@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.
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.
>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.
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.
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...
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
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?
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.
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
The power of UA-cam 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.
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.
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.
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.
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
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.
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.
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
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.
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.
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 👏
@@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."
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.
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.
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.
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?
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.
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.
"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
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.
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
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.
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.
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.
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.
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
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.
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!"
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.
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!
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.
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.
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.
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.
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.
@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.
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;
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.
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.
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.
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?
@@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
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.
@@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.
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👊🏽
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.
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
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
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.
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
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.
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 ?
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.
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.
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.
@@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.
@@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.
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.
@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.
@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.
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
@@gatsbylight4766 😂😂 good one! I wonder if everyone here singing the old fart's praises is selling ALL their stocks effectively popping the bubble and making him a ton of money because as he admitted he has been unsuccessfully shorting the market .
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.
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
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.
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.
@@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
@@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
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.
Best Grantham interview ever! His view is holistic covering the economy, stock prices, commodities, real estate, economic inequality, fertility and most concerning, the environment and mankind’s impact on the earth. Superb interview.
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.
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.
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.
I aslo love what he said. Mr Grantham is not speaking from simple common sense, rather from decades of education, reading, learning, experimenting, etc. Cannot acquire this much knowledge and vision from "simple common sense".
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.
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 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.
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.
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!
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.
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.
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.
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 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
One of the best interviews in recent time. Eric and Grantham, the energy, the charisma, and topics were quite significant and the answers frank - maximum points!
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.
I love how Jeremy actual answered the questions asked. However you lean, this was a solid and informative interview. The interviewer did a great job as well.
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.
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.
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.
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.
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.
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
@@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.
@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
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!
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
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.
@@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..
@@ericmendels They are actually... really helped me through a prolonged nasty divorce
@@cloudyblaze7916 Mind if I ask for recommendation on this coach that guides you?
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
Watching this again after 3 months. What an admirable person Jeremy is.
Yes he is, only if we know what we know 3 months later
Same
dude he said this for years lmao?
Me too, I wished I had heard him before.
You sure it's not Elon Musk, or Cathie Wood, or Michael Saylor?
He is amazingly intelllectual and also ethical!! These are qualities we desperately need for national or world leader!!
Yes sir
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’.
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.
@@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.
@@williamfowlkes9767 thank you!
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.
>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.
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.
@@marianparker7502 How do i find the lady you just mentioned?
@@PhilipMurray251 just look her up online to get in touch with her, her details are provided online
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...
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
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?
Amazing I'll do that right away . Thank you
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.
A coffee can in your backyard is your best bet.
Great interview and interviewer. Not pushing for soundbites but just letting the guest speak his mind.
What's a soundbite
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
The interview sounds extremely planned and not at all a professional organic interview. It sounds like a fucking infomercial.
This is a jewel of an interview from a great mentor Jeremy Grantham. Thank you.
Doesn't matter what your bias is, Mr. Grantham still has a wealth of wisdom that we can learn from. Thanks, for this interview.
He’s lovely.
@@lane5911 He clearly has an agenda.
Why? For having his investors out of the market for last 10 years? Oh right, got it.
@@rjhammond00 His investors were out of the market for 10 years?
You are right. well I really need mow ways to invest this year, any idea here?
The power of UA-cam 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.
Well, I suspect this interview may become legendary in the next few years.
It's already legendary
@@Stoneface_ damn right lol nasdaq down 28%
@@Stoneface_ Broken clocks are right twice a day!
"next few"yrs ,so youre gonna wait?
I confirme That !!!!!!!!!!!!!!!!!1
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
Brilliant man. I have listened to this interview three times. Amazingly intelligent.
Because he actually knows what he's talking about.
That's not just intelligence, it's also wisdom.
When a person truly know about a subject. They can easily explain to everyone including kids.
Why bring "other people" into the conversation? "....everything he says" period! Get out of your Debbie downer mode.
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.
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.
@@c.san.8751 That was a great comment C.San. Thank You.
Perfectly said. well, i am also looking for more genuine and smart ways to invest this year, any idea?
@@rajeshupadhyay5683 I'll suggest you reach out to Christine Lynn Saitta, she's a real investment prodigy
@@davidhudson3001 lol
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.
Finally someone explained the link between low interest rate and growing income inequality
It hasn't been a big secret really.
Totally deliberate. Mechanism for control of the proletariat.
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.
@@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 😂
One of the best interviews. Short and to the point.
十① ⑤ ② ⓪ ② ⑥ ① ⑥ ⑥ ⑧ ⑤
On what sppp
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
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.
@@zoeytank2921
who is your guide? I lost over $13K just last week, so I’m in dire need of a financial~~planner##
Credit to JOHANNA MUSSCHE my InvestmntAdviser
this is really helpful. just found her web+site and wrote scheduling a call
Mr Grantham is the consummate world-class investment professional. Such a refreshing change from the conveyor belt of blowhards on CNBC.
I agree. Love that phrase "conveyor belt of blowhards on CNBC"
@@randalmontgomery4595 Baba Booey Baba Booey Baba Booey
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.
yes
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
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.
This interview makes TED talk look like elementary school. Also these are not fabricated comments.
@@Rikimkigsck I may be underestimating him, but I don't think 'spending money on bots' is his thing.
This is an extremely telling interview of things to come. Mr Jeremy Grantham, you have my highest respect for telling the truth. Thank you!
Lmao Indian bots
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.
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.
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 👏
Jeremy has enormous charisma and humility. Fantastic conversation
"were you wrong"
"No I dont think i was"
Proceeds to give pretty bad excuse although he is wrong>
Yeah great humility there
@@rylandorr predicting 50 years event with a 3 year deviation is pretty remarkable
@@renand3z He is always wrong. When you make thousands of predictions obviously a few of them would be right it's statistics.
Charisma and Humilty?????? maybe wisdom and acumen and knowedgeable.......not so much charisma and humility.
@@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."
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.
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.
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.
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?
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.
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.
@denise erim long or short....
"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
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.
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
Amen brother =)
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.
@@lifeisshort99 there was no crash in 2017
Eric has matured as an interviewer and has mastered the art.
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.
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.
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.
@Johannes Buchanan That sounds great and how do i connect with her ?
@Johannes Buchanan Okay i just found her website and left a message for her. thanks.
A surprisingly candid interview from a mainstream channel. Thank you Bloomberg for respecting your audience's intelligence.
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
did you check out his interview exactly a year ago? From memory it was around 80 minutes.
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
Great interview, and thanks to Mr. Grantham and his honesty.
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.
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!"
Amazing man! True words! Unfortunately politicians don’t hear his frequency
Lmao he's a moron, you bot
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.
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!
Ignorant? "90% of communising a country is the establishment of a central bank," Lenin. Thats their goal.
Still a learning machine after all these years! I very much admire Jeremy Grantham
Admire you Brad!
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.
What we have is socialism for the rich and corporations, capitalism for everyone else.
Excellent description
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.
doesnt mattter now jeremys gonna crash the market and make us eat bugs
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.
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.
Eric is a fantastic interviewer.
Nah too much of interruptions
Agree 👊
Yeah 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
@Bleu Barclay Susie Gharib
@Bleu Barclay Another one is David Lin
Fantastic interview. It's really interesting how quickly a discussion on macroeconomics can change into a philosophical one.
That's a great observation... philosophy rules
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.
@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.
That's how they hypnotize you.
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;
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.
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.
Very true
He's an old, out of touch fool.
@@ejkalegal3145 who happens to be right
@@digitalsamurai42 No he is not. Clueless about crypto.
@@ejkalegal3145 He is not clueless, merely modest.
Such great interview. Admire Mr Grantham's wisdom and knowledge. So much wisdom in this interview. Will watch it again.
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.
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?
houses and certain high flying tech stocks will correct.
My MO , BMY , etc will be fine.
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
@@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
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.
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.
60/40 been burried every year. its common cliche everyone used half century
Amen.
@@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.
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👊🏽
thats bullcrap the markets have not really suffered , all that happens is smarter investors are taking from dumb investors like you
he is telling market collapse every 3 months since 1960
Agree with Jeremy. Zero-percent interest rates are bad for the poor and bad for the planet.
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.
@@EatMyOats now everyone is an armchair.economist. I trust Jeremy more than you
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
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
@@badnomad357 Money printing causes inflation for the poor and cheap borrowing for the rich. Sound money is the answer.
Fabulous interview with one of my very favourite investment commentators - well worthy of a careful listen and reflection.
There might be an economical turmoil but there is no doubt that this is still the best time to invest.
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.
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
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.
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 ?
search her name on the internet to reach her
BEST interview I’ve seen in years. He is my hero
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.
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.
@@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.
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.
@@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.
@@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.
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.
Jeremy Grantham is a very intelligent man, no nonsense.
@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.
@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.
I was listening to him 2011, missing 10 years USA stock market gain with 20% average per year!
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
Thank you for sharing your knowledge and wisdom, Mr. Grantham.
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
Thanks Bloomberg and Jeremy. Jeremy always bring out the bear in me. Bring on the popping of this epic super bubble.
Soooooo, what happened to that _'bear'_ that Jeremy brought out with his last year prediction? Your bear must've went into into *hibernation?* 🧐
@@gatsbylight4766 😂😂 good one! I wonder if everyone here singing the old fart's praises is selling ALL their stocks effectively popping the bubble and making him a ton of money because as he admitted he has been unsuccessfully shorting the market .
4 months later and the bubble is starting to pop. This guy is on point.
You can't beat experience!
Lmao all the bots in this comments section. Grantham is a moron that has been calling a crash for years
@@daintree98 and honesty
6 months later righter than ever
@@brianramrup5527 huh? The SP500 is 1.6% below where it was when this was posted.
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.
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
you are right. I also want more smart and geniune ways to invest this year, any idea?🤦♀
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.
Jeremy Grantham is someone who sees through the smoke and mirrors of what our world has become.
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.
@@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
and another wise guy who clearly sees through that global deceit must be you, right?
In a crazy world the not crazy ones seem crazy
@@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
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.
Brilliant man. He says what most investment managers will not say!
They dont say it, but their cash is mounting up signaling what they think will happen.
Best Grantham interview ever! His view is holistic covering the economy, stock prices, commodities, real estate, economic inequality, fertility and most concerning, the environment and mankind’s impact on the earth. Superb interview.
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.
Thank you for this valuable public service to educate the general public!
This is the single best discussion I’ve heard on the topic in a while!
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.
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.
learning:
What an absolutely stellar interview on both sides. We are talking about a probabilistic forecast but these predictions are not to be taken lightly.
Realistic assessment of Money management 👏 andfailure of Fed , 40% correction will not hurt to 2,600
Simple common sense. I could listen to this guy all day.
I aslo love what he said. Mr Grantham is not speaking from simple common sense, rather from decades of education, reading, learning, experimenting, etc. Cannot acquire this much knowledge and vision from "simple common sense".
One of the most informative interviews ever!
Lol
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.
“Conservative Republican government restores a measure of discipline to the markets” 😂😂😂😂💰💰💰
Jeremy Grantham should give lectures to people everyday in details to make the world a better place.
He lectured us in that 37 minutes. 'Prepare to own nothing & like it. At least you little folk will be equal.'
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!
hes lost on crypto
@@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.
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.
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!
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.
And what did you disagree with, exactly?
Fantastic Interview! Thanks for taking the time Jeremy Grantham.
Great interview. Measured and articulate while providing value. Thank you!
Thanks for doing this! I hope you can get him every 6 months to share his views. What a wealth of knowledge!
most uder-rated journalist on Bloomberg and the world of finance. Great interview!
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.
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.
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.
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
@@rg1924 Trump is not qualified to tie his own shoe laces, let alone financial crises.
@@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
One of the best interviews in recent time. Eric and Grantham, the energy, the charisma, and topics were quite significant and the answers frank - maximum points!
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.
👏👏👏👏👏
You haven't seen much.
Amazing exposure of wisdom! Thanks, Bloomberg!
Wow, this was such a great interview. I didn't think I'd find a 40min video about investing so captivating.
十① ⑤ ② ⓪ ② ⑥ ① ⑥ ⑥ ⑧ ⑤
On what sppp
Jeremy Grantham is brilliant. I wish he had a Masterclass. Everything he predicted is happening so don't buy the dip.
Tell that to the apes buying the dips like Cathy Wood.
Absolutely buy the dip when it comes to Gold Silver and commodities
Jeremy is a clear thinker.
Who is also right imho...
I love how Jeremy actual answered the questions asked. However you lean, this was a solid and informative interview. The interviewer did a great job as well.
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.
Jeremy Grantham is the true student of Bubbles over investing history.
Fabulous interview! Thank you for sharing your knowledge and wisdom, Mr. Grantham.
Yeah. Impressed. Just eye-opening
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.
because we got FEDs blowing all kinds of bubbles. He is right.
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.
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.
@@ZeroJohnnyx I’m never selling… hold the line
He's 100% right... But still never underestimate the ability for the FED and government to operate in denial and delay the inevitable
Insightful and the interviewer knows how to get the answers out.
if you are not making money while sleep then you are in the bad situation, just you feel numb and don't feel it.
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.
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.
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.
She has proven to be a part of this life changing mission with her trading strategies.
Phenomenal interview! This was truly world class! Thanks!
Fantastic interview. I know Jeremy has been on the bear train for some time but I think he is right, now more than ever. Look out below…