Jeremy Grantham Warns ‘Super Bubble’ in Stocks Has Yet to Burst

GMO’s co-founder says overvalued equities, bonds and housing will collide with high rates and inflation to cause more pain. Grantham predicted around the start of the year that benchmark stocks would plunge almost 50% in a historic collapse. The S&P 500 at one point in June dropped almost 25% from its January peak, before roaring back in the following two months. Yet US equities are tumbling yet again…

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