{"id":29313,"date":"2022-01-20T19:35:45","date_gmt":"2022-01-21T00:35:45","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=29313"},"modified":"2022-01-20T19:39:29","modified_gmt":"2022-01-21T00:39:29","slug":"good-luck-well-all-need-it-u-s-market-approaches-end-of-superbubble-says-jeremy-grantham","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2022\/01\/20\/good-luck-well-all-need-it-u-s-market-approaches-end-of-superbubble-says-jeremy-grantham\/","title":{"rendered":"\u2018Good luck! We\u2019ll all need it\u2019: U.S. market approaches end of \u2018superbubble,\u2019 says Jeremy Grantham"},"content":{"rendered":"<p><em>Market Watch <\/em>has the article <a href=\"https:\/\/www.marketwatch.com\/story\/good-luck-well-all-need-it-u-s-market-approaches-end-of-superbubble-says-jeremy-grantham-11642723516?siteid=yhoof2\" rel=\"noopener\" target=\"_blank\">\u2018Good luck! We\u2019ll all need it\u2019: U.S. market approaches end of \u2018superbubble,\u2019 says Jeremy Grantham<\/a>.<\/p>\n<blockquote><p>\n\u201cWe are in what I think of as the vampire phase of the bull market, where you throw everything you have at it,\u201d Grantham wrote. \u201cYou stab it with COVID, you shoot it with the end of QE and the promise of higher rates, and you poison it with unexpected inflation \u2013 which has always killed P\/E ratios before, but quite uniquely, not this time yet \u2013 and still the creature flies.\u201d<\/p>\n<p>That is \u201cuntil, just as you\u2019re beginning to think the thing is completely immortal, it finally, and perhaps a little anticlimactically, keels over and dies,\u201d said Grantham. \u201cThe sooner the better for everyone.\u201d\n<\/p><\/blockquote>\n<p>I have been waiting for this since 2009. Which just proves that you cannot time the market. I disagree that the inflation was unexpected.  I knew the MMT community was unwise to focus on the fact that there wasn&#8217;t the inflation that people expected.  I urged them to explain why there wasn&#8217;t inflation, and what could change that would bring the inflation on.  There were plenty of explanations to be had through the economic lens of MMT.  MMT proponents were silly to ignore the obvious.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Watch has the article \u2018Good luck! We\u2019ll all need it\u2019: U.S. market approaches end of \u2018superbubble,\u2019 says Jeremy Grantham. \u201cWe are in what I think of as the vampire phase of the bull market, where you throw everything you have at it,\u201d Grantham wrote. \u201cYou stab it with COVID, you shoot it with the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-29313","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/29313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=29313"}],"version-history":[{"count":3,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/29313\/revisions"}],"predecessor-version":[{"id":29316,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/29313\/revisions\/29316"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=29313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=29313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=29313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}