GRANTHAM: We’re Headed For A Disaster Of Biblical Proportions
Nov 21 2012
Last year, legendary investor Jeremy Grantham of GMO published a treatise on exploding commodity prices.
He also offered a startlingly depressing outlook for the future of humanity.
Grantham believes the world has undergone a permanent “paradigm shift” in which the number of people on Earth has finally and permanently outstripped the planet’s ability to support us.
The phenomenon of ever-more humans using a finite supply of natural resources cannot continue forever, Grantham says–and the prices of metals, hydrocarbons (oil), and food are now beginning to reflect that.