After my previoust post commenter JP linked to a recent report by Jeremy Grantham on America’s economic future.
Effectively, the Grantham report is very important and very interesting. I do not want it to get lost in the comments section, so, with thanks to JP, I am giving it its own post.
I will spare you a summary, but will note that Grantham sees America entering a period of substandard economic growth. I would add that he is one of the most respected investment advisers in the world. Serious investors take his opinions very seriously, indeed.
This one is well worth a read and your attention.