Jeremy Grantham Explains the Case for His Latest Doom Prophecy
- He tells David Rubenstein 95% of his money is in a foundation
- Co-founder of GMO says most pressing issue is climate change
Jeremy Grantham
Photographer: Vanessa Leroy/BloombergThis article is for subscribers only.
While many on Wall Street have stopped obsessing about a recession, Jeremy Grantham has not. That should shock no one who has followed the career of Grantham Mayo Van Otterloo & Co.’s co-founder.
Doubling down on the gloom in an interview taped for an upcoming episode of Bloomberg Wealth with David Rubenstein, Grantham said the Federal Reserve’s most aggressive tightening in four decades could tip the economy into recession and take the stock market with it.