Billionaire WARNS: "A 70% Crash Has Already Started''

The man who predicted the dot-com crash and the 2007 housing collapse says this market is even more overpriced than both of those, and that Wall Street will never tell you. Jeremy Grantham, co-founder of GMO and one of the most respected institutional investors in the world, walks through the evidence, names the exact strategies to protect your money, and reveals why the financial industry has a structural incentive to keep you invested while the building burns.

He starts with the number. The US stock market is currently trading at roughly 35 to 40 times earnings. The last time it reached this level was the tech bubble of 2000, which ended with the NASDAQ falling 82%. Before that, the Japanese stock market peaked at 65 times earnings in 1989 and took 35 years to recover. Jeremy says a 70% decline in the highest-flying AI stocks would not be unprecedented. He considers it likely.

Discover:

• Why the US stock market is arguably more overpriced than at any point in history

• How 99% of Wall Street analysts knew the 2000 crash was coming and none told clients

• Why Jeremy says a 70% decline in AI stocks would not be unprecedented

• How to buy US government bonds directly with no fees at treasurydirect.gov

• Why he says "do not own US stocks" and what to own instead

• The case for house prices falling 30% and why they'd still be expensive

• Why Japan's stock market took 35 years to recover from its bubble

📺 Watch the full episode here

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