MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, November 21, 2012 Grantham Expects the Old GDP Battleship to Run Aground A high profile mutual fund guru is sounding especially Malthusian these days. In GMO's [profile] quarterly letter, co-founder and chief investment strategist Jeremy Grantham argues that we're "on the road to zero growth," that the "old GDP battleship" is running aground, thanks to declining U.S. population growth and service sector productivity growth coupled with rising resource costs. "A declining growth trend is inevitable and permanent and is caused by some pretty basic forces," Grantham wrote. "The question here is not 'Has the growth rate dropped?' (yes, it has) or 'Will it continue to drop?' (yes, it will). The question is 'At what rate will it drop?'" Barron's, Business Insider and InvestmentNews all covered Grantham's latest predictions. Printed from: MFWire.com/story.asp?s=42114 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |