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Friday, June 17, 2011. Heres Why Our Long-Term Growth Expectations Are Absurd. Investor Jeremy Grantham of GMO illustrates this in his recent apocalyptic commodity analysis with an anecdote about ancient Egypt, which was one of the most successful civilizations in human history. Grantham asked a group of mathematicians how big Ancient Eqypt would have gotten if its economy had growth 4.5 a year for the 3,000 years the civilization lasted. The mathematicians were directionally correct Very big. Http .CONTENT
This web page benvitale-funwithnum3ers.blogspot.com states the following, "Friday, June 17, 2011." We saw that the webpage said " Heres Why Our Long-Term Growth Expectations Are Absurd." It also said " Investor Jeremy Grantham of GMO illustrates this in his recent apocalyptic commodity analysis with an anecdote about ancient Egypt, which was one of the most successful civilizations in human history. Grantham asked a group of mathematicians how big Ancient Eqypt would have gotten if its economy had growth 4. 5 a year for the 3,000 years the civilization lasted. The mathematicians were directionally correct Very big."