At Apollo we’re fond of tuning out the noise as we embrace a small handful of influential voices.  We don’t seek these people out because they are ‘right’ or ‘wrong’ but because they provide thought-provoking commentary.

One of the people we take pleasure in reading is Jeremy Grantham at GMO.  His latest commentary contains a sobering outlook at GDP growth.

It’s not for the faint of heart and surely should not be read before Thanksgiving.  There’s no sense in having a downer of a holiday!

Here is a summary and the full text of his commentary.

Happy Thanksgiving!