A significant portion of investors and financial organizations surmise that the U.S. could avert a recession, but Jeremy Grantham, the co-founder of investment firm Grantham Mayo Van Otterloo (GMO), deems it inescapable. Grantham contends that the Federal Reserve’s optimistic prognosis is “almost guaranteed to be wrong.”
U.S. Bound for Recession, Says Investment Titan Grantham
Esteemed investor Jeremy Grantham, who accurately foresaw the dotcom crash of 2001 and the Global Financial Crisis of 2008, has been forecasting an economic decline in the U.S. since 2021. Reportedly managing about $65 billion in assets, GMO’s Grantham shared his thoughts on the U.S. economy during a Bloomberg interview on Thursday.
Grantham asserts that America “will have a recession running perhaps deep into next year and an accompanying decline in stock prices.” He also maintains that the U.S. Federal Reserve’s predictions are inaccurate. In a tongue-in-cheek remark, Grantham quipped: “[T]he Fe
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