Over time beauty can be in the decay . . .

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Last Kaiser of Germany

November 9, 1918: Kaiser Wilhelm II of Germany abdicated after the German Revolution. He consented to the abdication only after he was informed that the officers and men of the army would march back in good order under Paul von Hindenburg’s command but would certainly not fight for Wilhelm’s throne on the home front.

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Top investor predicts stock market collapse

When Jeremy Grantham (83) speaks, investors sit up. The co-founder and investment strategist of asset manager Grantham, Mayo, & van Otterloo (GMO) fits in with investment greats such as Warren Buffett and George Soros.

And Grantham now provides doom & gloom. “The current super-bubble consists of an unprecedentedly dangerous mix of overvalued investments: bonds, houses and stocks that are all dangerously overvalued and now losing momentum rapidly. Each cycle is different and unique – but every historical parallel suggests the worst is yet to come.”

According to the Financial Times, we should listen to Grantham who, in particular, correctly predicted the deep crisis of 2008 as early as 2007.

Grantham also points to all the plagues that plague the world: the Ukraine war, rising food prices, expensive energy, declining growth in China. And those are just the short-term problems. In the slightly longer term, there is also the aging of the population and climate change, with investors rightly noting that the consequences of this are already manifesting themselves.

What is all this leading to? Prices are going to fall, and hard.

“Get ready for a dramatic final,” Grantham wrote in Wednesday’s report. “If history repeats itself, this will be another tragedy.”

 Financiel Times  FD  Business Insider