BusinessInsider’s Henry Blodgett reports that legendary investor Jeremy Grantham of GMO has published a treatise on the root cause of exploding commodity prices.
He has also offered a startlingly depressing outlook for the future of humanity.
Grantham concludes that the world has undergone a permanent "paradigm shift" in which the number of people on planet Earth has finally and permanently outstripped the planet's ability to support us.
Specifically, Grantham says, the phenomenon of ever-more humans using a finite supply of natural resources cannot continue forever--and the prices of metals, hydrocarbons (oil), and food are now beginning to reflect that…..
Read more at:
http://www.businessinsider.com/jeremy-grantham-commodity-prices-2011-6
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