Legendary investor Jeremy Grantham warns of an impending asset bubble burst, market crash, and recession by late 2024 or early 2025. He cites the Federal Reserve’s aggressive interest rate hikes and quantitative tightening as the primary drivers of this potential economic downturn. Grantham also predicts that artificial intelligence (AI) will have a significant impact on the job market, potentially leading to widespread job losses and social unrest. He believes AI will be as disruptive as the Industrial Revolution, causing a major restructuring of the economy and society. Grantham advises investors to be cautious and prepare for a challenging economic environment in the coming years.