INVESTMENT bubbles and high animal spirits do not materialize out of thin air. They NEED extremely favorable economic fundamentals together with free and EASY, CHEAP credit, and they need it for at LEAST two or three years. Importantly, they also need serial pleasant surprises in such critical variables as global GNP growth.

Author - Jeremy Grantham


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Posted on 24 Nov 2024, this text provides information on Spirits related to Jeremy Grantham. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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