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Thursday, March 21, 2013

Jeremy Grantham on the global economy

photo of Jeremy Grantham

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