A trader on the New York Stock Exchange. File photoMOSCOW, Sep 1A post-collapse US stock market surge this summer warns that a «superbubble» is about to burst, said British billionaire investor Jeremy Grantham. He was quoted by the New York Post. that the worst is ahead,» the financier said. The mayor of New York announced a crisis of unprecedented proportions According to Grantham, the current «superbubble» combines all three classes of major assets: housing, stocks and bonds. Such market conditions are “exactly in line with past precedents.” The U.S. Department of Commerce Bureau of Economic Analysis previously issued a press release, according to which the country's gross domestic product in the second quarter of 2022 fell by 0.9 percent on an annualized basis. Thus, the American economy has been in recession for half a year already.
