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What Goes Up

Listen Now: GMO's Jeremy Grantham on Merryn Talks Money

Oct 6, 2023
In this podcast, Merryn Somerset Webb speaks with Jeremy Grantham of GMO about the power of AI, the state of the financial bubble, and the impact of artificial intelligence on the market.
06:03

Podcast summary created with Snipd AI

Quick takeaways

  • 2022 marks the beginning of the deflation of one of the greatest financial bubbles in history, interrupting the usual presidential cycle rally.
  • The AI-driven rally provided a temporary boost, but AI may not be sufficient to halt the ongoing collapse of the bubble.

Deep dives

The Beginning of the Bubble Burst

According to the podcast, the year 2022 marked the beginning of the deflation of one of the greatest financial bubbles in history. The market had been steadily rising for years, but now it was starting to collapse. The podcast discusses how previous market declines were typically avoided due to the presidential cycle, where there would be a period of stimulus and economic stimulation leading up to the election. However, this time, the decline occurred during the deflating phase of the bubble, interrupting the usual presidential cycle rally. Despite some temporary reprieves, the podcast suggests that the bubble is far from over.

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