Steven Bartlett with Jeremy Grantham
A legendary investor warns that the US is facing its largest speculative bubble in history alongside a catastrophic environmental and chemical-induced fertility collapse that threatens the future of human society.
Speculative bubbles always form around the most revolutionary ideas, such as railroads, the internet, and now artificial intelligence, leading to massive overinvestment followed by severe economic contractions.
Wall Street investment firms have strong business incentives to remain optimistic and will never advise clients to pull out of overpriced markets due to the career risk of underperforming during a bull run.
Individual investors should protect themselves by diversifying into non-US equities, government or corporate bonds, cash, and precious metals rather than holding expensive US technology stocks.