Bubble Watch: Professional Doomsayer EditionS

As sure as we know the economy is going up, we know that the economy shall also, sooner or later, come back down. Whence shall the next poisonous economic tumor begin? Today we turn our alert gaze to the predictions of a dude who should know.

Jeremy Grantham: investor, manager of a massive amount of money, and a frequent predictor of bubbles, such as the last housing bubble. (Which, to be fair, was not so hard to predict!) Grantham has been warning of, among other things, the rise of a new bubble in the stock market for at least several years now. Like a roulette player betting steadily on black, he is sure to be right sooner or later. Perhaps sooner? Here's a bit of what he said an interview with the Wall Street Journal today:


So: the stock market will go down, some time. He's absolutely right about this, in a manner so vague as to be useless, for gambling purposes. Place your bets on when the music will stop, or not! With any luck, the value of your home will collapse long before your stock portfolio does.

Other bubble contenders today: Shanghai equities, tech IPOs, and the edge of our solar system.

[Photo: Getty]