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Jeremy Grantham Doubles Down on Crash Call, Says Selloff Has Started

  • GMO co-founder predicts drop of almost 50% in benchmark stocks
  • Investor favors overseas value stocks, cash, commodities, gold
Jeremy Grantham
Jeremy GranthamPhotographer: Matthew Lloyd/Getty Images
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Jeremy Grantham, the famed investor who for decades has been calling market bubbles, said the historic collapse in stocks he predicted a year ago is underway and even intervention by the Federal Reserve can’t prevent an eventual plunge of almost 50%.