Jeremy Grantham Says No One Should Invest in the US | Merryn Talks Money

In 2021, Jeremy Grantham was telling anyone who would listen that global asset markets were in one of the biggest bubbles of all time-and that a reckoning was coming. That reckoning, he says, began the next year.
The co-founder of GMO LLC says that, while this reckoning recently took a break, it’s now back with a vengeance. Grantham joins this week’s episode of Merryn Talks Money to make the case that-as a result-no one should be invested in the US. In particular, he warns of the Russell 2000, with its high level of zombie companies and horrible debt levels. He calls it “the most vulnerable area” to rising rates.
This episode was published Oct 5, 2023.
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Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work - and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices. From Bloomberg Podcasts.
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[@anandp3991]

Just by investing in value has led me to emerging markets. They are the cheapest value out there.

[@jethro_Jr]

Excellent 👍

[@jake4024]

Thank you.

[@scottiebumich]

I always appreciate JG however I have issue with how he talks about 'the market'. The stock market is simply a market of stocks. There are MANY stocks selling with 10%-15% EPS growth and steady margins and large moats and well capitalized that trade at 12x this year earnings. Sure you have to buy insurance, healthcare, midstream, and small cap

[@scrambaba]

you are referring to his claim that the S and P is overpriced with the Schiller being just under 30?

[@Daytona2]

And they'll all fall, if panic sets in ...like in 1907 ...1929 ...2000 ...2007.

[@scrambaba]

One question which nobody asks Grantham is the likelihood and impact of government intervention to “save” markets if any serious fall occurs?

[@hmqsmith]

If a serious fall occurs it's too late to save them.

[@sewnsew6770]

Unfortunately the value of a common stock is what someone is willing to pay to buy it from you. True value is zero. As it’s promising nothing intrinsically A dividend stock has some value as long as pays a dividend So all models should be based on sentiment ie crowd behavior and how much money exists out there

[@Justathought-yz3up]

Is this an AI voice of Jeremy G????

[@Daytona2]

Insightful as ever 👍 Gotta love the deluded sheeple, for without them there would be no profits to be had.

[@alansolomon8401]

I believe you will be wrong about your prediction USA will whether the storms survive better than the other major world economies for two major reasons, one the US appears to be incorporating crypto, Bitcoin and xrp, the dollar, and the US “legal system”.

[@kevintewey1157]

No I'm sure that a currency backed by gold oil and bread would not survive a fiat currency😂

[@scrambaba]

Is Grantham also a conservationist or environmentalist or is his interest in climate more based on general fear of world collapse and the financial consequences thereof?

[@bluegtturbo]

It seems he doesn't eat his own cooking... He's heavily invested in the very stocks he says are overpriced... 😂

[@alansolomon8401]

Despite their many failures of leadership

[@DM-ks1pj]

Pretending national debt matters is delusional

[@crouchhill]

This interviewer lady not very good when speaking to someone of magnitude of Jeremy

[@saphone9758]

It's her show, bro

[@Daytona2]

This is how intelligent people talk. CNBC caters for the sheeple.

[@user-hs4ei27]

She is very good!

[@stevewalden1159]

Fear grifter.