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Running Out of Resources
Getting Used to Lower Growth and Higher Prices
As the economy sorts itself out from the recent fi nancial
turmoil, we are very likely to have lower growth rates
for quite a few years. We described the reasons for this
last quarter: writing down excessive loans and curtailing
expenditures as we realize we are not as rich as we
thought.
Keywords; Jeremy Grantham , Lower Growth , Higher Prices , Fi nancial , Hardin, Garrett, GMO, Modern griculture
Fund Letters
