This isn't a temporary setback, writes Jeremy Grantham, the 3% U.S. GDP growth rate average of...

|By:, SA News Editor

This isn't a temporary setback, writes Jeremy Grantham, the 3% U.S. GDP growth rate average of the last century is gone forever. Be wary of Fed policy - set by a man who didn't recognize a 1-in-1200 year housing bubble - and premised on the idea 3% growth is normal.