Jeremy Grantham says that the bubble has finally started popping and explains how to prepare yourself.
The beginning of the end for the U.S. was when about 50 years ago we transitioned from a wealth-producing manufacturing/industrial economy, to a consumer-based service economy. In this, you need to invest wisely and/or have more than one job–or rely on more and more credit (or quasi-wealth) i.e., get into debt, which the whole country is in, top to bottom.
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