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Legendary investor Jeremy Grantham says Biden’s $1.9 trillion stimulus plan will make the stock market bu.. – Business Insider

Jeremy Grantham told Bloomberg he has ‘no doubt’ a portion of the stimulus will end up in stocks.

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Matthew Lloyd/Getty Images for ReSource 2012
Legendary investor Jeremy Grantham warned investors during a Bloomberg interview that the $1.9 trillion in federal aid President Joe Biden is seeking from Congress will further inflate the stock market bubble.
The GMO co-founder told Erik Schatzker that he has “no doubt” some of the stimulus aid will end up in the market. He said the “sad truth” about the last stimulus bill passed in 2020 was that it didn’t increase capital spending and didn’t increase…

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