Warren Buffet view on 2% GDP growth in the US
Warren Buffest nails it when he points out how 2% GDP growth in the US will effect the country:
"2% of overall growth produces about 1.2% of per capita growth. That may not sound impressive. But in a single generation of, say, 25 years, that rate of growth leads to a gain of 34.4% in real GDP per capita."
"For 240 years it’s been a terrible mistake to bet against America, and now is no time to start. America’s golden goose of commerce and innovation will continue to lay more and larger eggs. America’s social security promises will be honored and perhaps made more generous"
Posted on Mon, March 7, 2016
by Simon Snelder