jeremy grantham

Is America on the road to zero growth?

By / 8 Comments / 14 June 2014

Summary: Experts have a wide range of forecasts for America’s economy. Rapid growth, leading to the singularity. Slow growth, the muddle-through economy. An no growth. Each of these poses different challenges for America. All of these look plausible. Here we look at the darkest of three these scenarios, sketched out by Jeremy Grantham.  At the …

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The coming big inequality. Was Marx just early?

By / 38 Comments / 5 October 2017

Summary: Slowly more people see, slowly emerging, one of the great challenge for developed nations’ societies: increased productivity creates wealth unimaginable to earlier generations, but its benefits go to those who own the machines. Inequality of wealth creates inequality of income.   Marx might have just been right, but early. Today we have a note …

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