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03:29 PM
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GRANTHAM: Here Are The Basic Forces That Will Send Growth To Near-Zero For Decades
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[quote:Anonymous Coward 27900864:MV8yMDYyNjM3XzcwQjBCNjky] http://www.businessinsider.com/grantham-on-the-road-to-zero-growth-2012-11 "Someday, when the debt is repaid and housing is normal and Europe has settled down, most business people seem to expect a recovery back to America’s old 3.4% a year growth trend, or at least something close," he wrote. "They should not hold their breath. "A declining growth trend is inevitable and permanent and is caused by some pretty basic forces." [/quote]
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link to www.businessinsider.com
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"Someday, when the debt is repaid and housing is normal and Europe has settled down, most business people seem to expect a recovery back to America’s old 3.4% a year growth trend, or at least something close," he wrote. "They should not hold their breath.
"A declining growth trend is inevitable and permanent and is caused by some pretty basic forces."
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