[lbo-talk] Fwd: if you have time...

[Tony Rolfe]

Hi, long-time lurker with a question.  I'm a chip designer with a
couple CFA exams behind me, but my dad is sort of a unionist, so you
can imagine...  I would love it if anyone here could make some sense
of something:

Awhile back I think Doug on his show had a beef with CBO growth
rates---too low for too long, and that such inputs are left
unexamined.

This from Mauldin's newsletter which is influential, and quotes big
money managers:

"...an influential 2010 historical study of high-debt-level economies
around the world, by Professors Kenneth Rogoff and Carmen Reinhart,
that concluded that
when a country’s gross government debt rises above 90% of GDP, 'median
growth rates fall by one percent, and average growth falls
considerably more.'"

Are Rogoff/Reinhart at or near the heart of the "low growth is here to
stay" idea?