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

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.
Comments (5)
  • SoldHigh
    , contributor
    Comments (1001) | Send Message
     
    Think an anti-business president has something to do with it?
    20 Nov 2012, 11:39 AM Reply Like
  • Guardian3981
    , contributor
    Comments (1927) | Send Message
     
    We would be in this dilemna regardless of who is president, technology is superceding the needs for jobs and energy/food is becoming more scarce.
    20 Nov 2012, 11:41 AM Reply Like
  • WMARKW
    , contributor
    Comments (10252) | Send Message
     
    Is that why we are still paying farmers not to grow and converting corn to ethenol, and why we're sitting on more coal and NG than ever before?
    20 Nov 2012, 12:37 PM Reply Like
  • frosty
    , contributor
    Comments (689) | Send Message
     
    As Gomer Pyle used to say, "Gahlllllee!" Grantham has housing data going back 1200 years in America? Or is feudal Europe his benchmark? Be wary of a man who claims more data than exists and makes 'forever' forecasts.
    20 Nov 2012, 11:43 AM Reply Like
  • dacama1
    , contributor
    Comments (211) | Send Message
     
    looking for his 15 minutes
    20 Nov 2012, 11:47 AM Reply Like
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