6min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP542: The Crisis is Bigger Than Banks w/ Jeremy Grantham

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Recent Banking Crisis and What Can History Tell Us

Jeremy Grantham: Bubbles always form at the end of a long, heroic economy and everything in the garden is perfect. He says when something pricks that confidence and it begins to leak out, there is a long way down for investors. The combination of declining confidence and peak debt is a very bad one, he says. But if regulators don't regulate subprime instruments well, you get a depression like 1929 or 2000.

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