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US stocks closed lower on Friday after another hotter-than-expected inflation reading undermined the case for interest rate cuts. The S&P 500 ( ^GSPC) dipped 0.5% in the wake of another …Be ready for the S&P 500 to crash by 50%, house prices to slide, and a recession to strike, Jeremy Grantham says. Here are the elite investor's 16 best quotes from a new interview.

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