When the facts change, I change my mind. What do you do? -- John Maynard Keynes
Thursday, March 21, 2013
Jeremy Grantham on the global economy
Jeremy Grantham, Co-founder and Chief Investment Strategist of Grantham Mayo Van Otterloo, on Charlie Rose http://www.charlierose.com/view/interview/12812 (click the link for the full interview)
Outlook: Long Term slow growth
We've run out of cheap resources
Borrowing does not increase growth
Keeping interest rates low steals from the poor and elderly, and gives it to the rich, the hedge funds, and Wall Street
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