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Famous investor doubles down on crash call, says selloff has started

"The wild rumpus can begin at any time," says the co-founder of Boston asset manager GMO, who has been calling bubbles for 50 years.
Specialists Dilip Patel, left, and Jeremy Vargas work on the floor of the New York Stock Exchange, Thursday, March 12, 2020. | Photo: Richard Drew/AP/Ritzau Scanpix
Specialists Dilip Patel, left, and Jeremy Vargas work on the floor of the New York Stock Exchange, Thursday, March 12, 2020. | Photo: Richard Drew/AP/Ritzau Scanpix
By Erik Schatzker, bloomberg

Jeremy Grantham, the famed investor who for decades has been calling market bubbles, said the historic collapse in stocks he predicted a year ago is underway and even intervention by the Federal Reserve can’t prevent an eventual plunge of almost 50 percent.

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