GMO's Grantham Says Fed's Soft Landing Call Is Wrong

The video discusses the concept of economic bubbles, focusing on the current state of the tech bubble and the 2021 bubble. It predicts a potential recession and a decline in stock prices, contrasting with the Federal Reserve's optimistic outlook. The speaker criticizes the Federal Reserve's track record in predicting recessions, especially after major economic bubbles.

How does the speaker view the Federal Reserve's predictions regarding recession?

What historical context does the speaker provide regarding the Federal Reserve's ability to predict recessions?