Grantham: More debt doesn’t grow the economy.
Jeremy Grantham (GMO) gave Patrick O’Shaughnessy a spectacular interview this week for Patrick’s Invest Like the Best podcast. I highly recommend you find an hour for the whole thing. But in the meantime, I found this exchange amusing – here’s Grantham’s take on fueling economic growth with borrowed money, which has essentially been the game for as long as I’ve been alive… So that...
source https://thereformedbroker.com/2021/02/24/grantham-more-debt-doesnt-grow-the-economy/
The post Grantham: More debt doesn’t grow the economy. appeared first on The Reformed Broker.
source https://thereformedbroker.com/2021/02/24/grantham-more-debt-doesnt-grow-the-economy/
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