Jeremy Grantham, co-founder and chief investment strategist of Boston’s GMO, believes U.S. stocks have become an epic bubble and will burst in a collapse rivalling the crashes of 1929 and 2000. In this interview, he explains why, discusses the futility of Federal Reserve policy, criticizes the state of American capitalism, and shares his thoughts on gold, Bitcoin, emerging markets and climate change. Here is a direct video link.

Here’s the market action that followed the bursting of the three previous financial bubbles closest in scale to the present one.  Thank you central banks for all you do!  Entry points on the other side are well worth waiting for.