Grantham explained what causes bubbles and why they're so dangerous, accused the Fed of juicing asset prices, and outlined what investors should do.
Icahn agreed there are bubbles in the stock market and said some multiples are "crazy."
Lumber prices are rallying again as housing demand remains hot and supply-chain disruptions continue to drag on.
"You're likely to see quite a different stock-market leadership to the one that's been so familiar over the past decade," Hugh Gimber told Insider.
Australia has recorded a jobs boom following the most recent set of lockdowns, with unemployment plunging to just 4.2% in December 2021; the largest dip since the GFC.
US futures gained, as corporate earnings helped allay some concerns about inflation and surging bond yields, while China cut a key lending rate.
According to a report from The Times of London, the cost of an espresso has jumped from €1 ($1.13) to €1.10 ($1.25) in many Italian cafes this year.
BlackRock bond chief Rick Rieder said strong US economic growth is the key factor that will help stocks this year.
Other consumers goods giants — including Nestle, Danone, and Unilever — have also warned of price hikes stretching into 2022.
When supply chains are far from healed and the government continues to spend big, soaring wages could add to inflation pressure, he told Insider.
As Democrats endlessly negotiate over their sweeping economic agenda, the top Senate Republican is staying mum on how his party would tax and spend.
Ron Klain told WSJ that negotiations with lawmakers are better done out of the public eye after Manchin said he could not vote for Build Back Better.
"What we have now is a mismatch between demand and supply," Fed Chair Jerome Powell said Tuesday. That gap is already starting to close.
"Higher inflation means higher interest rates, higher interest means lower asset prices," Marks told Bloomberg Tuesday.
The Baupost CEO underscored the value of hedging, outlined why he likes volatility, and issued a dire warning about the state of American democracy.
Bond yields have risen sharply this year so far, whacking crypto prices and speculative tech stocks. Mike Novogratz said the trend is set to continue.
Rising yields have been undermining growth stocks, such as tech, which typically suffer most from higher yields.