Jeremy Grantham says in order to revive the economy, there needs to be a 'Marshall' plan

Jeremy Grantham, Grantham, Mayo & Van Otterloo co-founder, joins 'Closing Bell' to talk about the road to recovery and what the Biden administration can do to revive the economy. "Equal society is simply good economics," Grantham says. "We must increase economic equality." The last few years in the developed world have seen steadily slowing productivity, he adds. And we need fiscal spending to jolt the developed world out of a long-term malaise. And I wouldn't be frightened of inflation.
Thu, Nov 12 20204:44 PM EST

watch now
CNBC ProMore downside ahead for Hong Kong market, strategist predicts a bottom for the key index
watch now
CNBC ProWatch Wednesday's full episode of Mad Money with Jim Cramer — December 8, 2021
watch now
CNBC ProJim Cramer weighs in on a Honeywell downgrade and the importance of corporate reinvention
watch now
CNBC ProWatch Jim Cramer's full interview with Edwards Lifesciences CEO Michael Mussallem
watch now
CNBC ProJim Cramer explains why technician Mark Sebastian is encouraged by S&P 500 and VIX patterns