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Jeremy Grantham says 1929ish crash is coming quickly. Agree? Disagree?

 
Mordy McButtish
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01/27/2021 03:07 PM
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Jeremy Grantham says 1929ish crash is coming quickly. Agree? Disagree?


I'd be interested in hearing from some of you out there with "a head for finance." I'm not a complete nincompoop in these regards, but I have to admit I'm somewhat in the dark about what might be coming or not coming.

This 38-minute interview with Jeremy Grantham, co-founder and chief investment strategist of Boston's GMO, makes a lot of sense - to the point where I'm now actively wondering about a lot of things.

I'm right now selling my house and moving into another one next month. Most of my money is tied up in real estate. Is this unwise? Should I get out of home ownership entirely, and sink everything into gold or silver? I expect I'm far too late to that party. Same with crypto.

Which leaves me wondering: What does your typical educated, middle-class person do right now, coming into a possible economic apocalypse on the scale of 1929? Obviously just holding $$ in various bank accounts is stupid, but what then?

Do you guys and gals think we're DEFINITELY going to see an economic collapse? If so, when? Like, within the next year or two? Or, like, "down the road"? At present, I'm frozen in place - not knowing which way to go.
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Anonymous Coward
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01/27/2021 03:09 PM
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Re: Jeremy Grantham says 1929ish crash is coming quickly. Agree? Disagree?
agree at this point yes.. part of it from nature... a bigger part of it by dark shits on purpose.
Anonymous Coward
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01/27/2021 03:13 PM
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Re: Jeremy Grantham says 1929ish crash is coming quickly. Agree? Disagree?
how can this happen with the fed printing money and buying all the stocks? it cnt crash as long as the plunge protection team is operational!

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Mordy McButtish  (OP)

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01/27/2021 03:13 PM
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Re: Jeremy Grantham says 1929ish crash is coming quickly. Agree? Disagree?
agree at this point yes.. part of it from nature... a bigger part of it by dark shits on purpose.
 Quoting: ALL IS ONE IS ALL


Nature? What do you mean?
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Anonymous Coward
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01/27/2021 03:17 PM
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Re: Jeremy Grantham says 1929ish crash is coming quickly. Agree? Disagree?
trump left them all broke in dc,this is biden cabinet back hand grab of some operating cash from the stock market i suspect.
i know it sounds crazy but did you know the social security fund sometimes had to rob mastercard and visa?
fo sho did.
they got in the whitehouse thinking it would be make it rain obama money and there aint no clouds of money to rain.
SpeakerOfDarkSentence​s

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01/27/2021 05:02 PM
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Re: Jeremy Grantham says 1929ish crash is coming quickly. Agree? Disagree?
Just his 2 cents.
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01/27/2021 05:11 PM
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Re: Jeremy Grantham says 1929ish crash is coming quickly. Agree? Disagree?
The FED won't allow a long lasting market crash ... the real crash will be in real purchasing power measured in Gold
SpeakerOfDarkSentence​s

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01/27/2021 05:11 PM
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Re: Jeremy Grantham says 1929ish crash is coming quickly. Agree? Disagree?
I have a year's salary in dividend stocks, quarterly payments, 8-11% yield of the price I bought them for. I want to keep all those. I am going to buy insurance for my portefolio in the form of BEAR OBX x8 ETN's (8 times the direction of the Norwegian OBX index). then I will just relax and ride it through.

Have a look at American Shipping Company ASA, ticker AMSC, a Norwegian Jones' Act actor in the US market. Essential stuff must be transported even during a pandemic.

Last Edited by Rompehode Frode on 01/27/2021 05:16 PM





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