9 warnings from Wall Street gurus: Stocks are overpriced, cryptocurrencies are empty talk, and “everything bubbles” will eventually trigger a severe economic recession
Devastatingly low interest rates have created a historic "everything bubble" in the market, says Wall Street guru Jim Grant. This era of easy money has made the U.S. financial system more fragile, the Wall Street guru said.
Grant is pessimistic about stocks, dismissive of cryptocurrencies, and predicts a severe recession will occur soon.
More than a decade of cheap money fueled a dangerous "everything bubble" that weakened the U.S. financial system and paved the way for last year's market meltdown and a painful recession to come, says Jim Grant.
Grant, editor of Grant Rate Watch, issued this serious warning during a recent Rosenberg Research webinar
