Grantham Warns of 50% Stock Crash, Housing Price Drop, and Multi-Year Recession; Calls Bitcoin a Scam

Stocks are in a bubble and could crash over 50%, per Grantham. He sees the S&P 500 potentially falling to 2,000.

Grantham predicts US house prices will drop as mortgage rates rise. He says housing bubbles are worse than stock bubbles.

Grantham believes a recession is likely next year, possibly a serious one extending into 2024.

He calls bitcoin an "elaborate scam" and advises against buying stocks, real estate or bitcoin right now.

Grantham views artificial intelligence as a powerful long-term trend, but not big enough to prevent near-term deflation.