Translated by: MOS Education Team – Emily G

On January 21st, Jeremy Grantham, the co-founder of hedge fund GMO and a legendary investor, said in an interview that the U.S. stock market is amid a superbubble, the fourth in the last one hundred years, even the Fed’s intervention cannot prevent an eventual historic plunge of almost 50%.

Grantham stressed that not only are there bubbles in the U.S. stock market but also there are signs of bubbles in real estate and in bonds. Total losses of wealth in the U.S. in this crisis may reach $35 trillion, the potential wealth shrinkage will be the largest in U.S. history. According to Grantham’s predictions, the impact is comparable to the dual collapse of Japanese stocks and real estate in the late 1980s.

Grantham’s view further verified what Miles Guo had previously predicted about the upcoming crisis. Mr. Guo once pointed out that the U.S. stock market would inevitably plummet in this worldwide economic crisis, the U.S. dollar could lose its dominance on the world stage, but H-Coin and Himalaya Reserve will become the future of the world economy.


Proofread/posted: Redd

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