**U.S. Stock Market “Ridiculously Expensive” Says Expert**
A respected strategist in the finance world has terrifying predictions for the future of the economy and the stock market. Brace yourself for incoming trouble, folks. Jeremy Grantham revealed that US stocks are massively overvalued and it will be a miracle if we don’t have a recession in the near future. Yikes!
**Stocks almost burst**
Grantham said that stocks were teetering on the edge of a 20% to 30% plunge in 2023. The only thing that saved our hides and stopped this catastrophe from happening was the craze surrounding artificial intelligence. The AI frenzy saved the day – but for how long?
**Pessimistic Outlook on the U.S. Economy**
The United States economy is in for a rough ride, according to Grantham. Yep, it’s not looking good. Despite strong GDP growth and unemployment and annualized inflation in December being beneath 4%, he warns that tough times are ahead. The economy could be weaker and a mild recession is on the horizon.
**Watch Out for Wars and Bad Things**
Foreign conflicts are also posing a serious threat, according to Grantham. He said that wars can cause big problems and we know that we shouldn’t expect good things to come while assets are reaching record highs. We’d better hold onto our hats!
**It’s Not All Doom and Gloom**
The silver lining to this dark cloud is that Grantham suggested investing in undervalued assets in emerging markets like Japan, depressed sectors like natural resources, and growth areas like climate-change solutions. It’s not all bad after all!
Are you worried about the economy and stock market predictions? Let us know what you think in the comments below!
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