Jeremy Grantham, co-founder and chief investment strategist of asset management firm GMO, has warned of "superbubbles" bursting due to the Federal Reserve repeatedly causing asset bubbles. Grantham criticized the Fed for creating an environment conducive to a chain-linked series of super bubbles that break with outrageously consequential, painful effects. He compared the present economic situation to that of 2000, emphasizing that it's an everything bubble. Grantham believes that every super bubble is followed by a recession and, if anything goes wrong, a depression. He predicts that the bear market is unlikely to end until deep into next year, and after April, we will probably begin to see pressure on profit margins, GDP growth, and the labour market. (Bitcoin.com)