Tuesday, May 03, 2011

A World of Resource Scarcity Faces Humanity: Jeremy Grantham in "Time to Wake Up: Days of Abundant Resources and Falling Prices Are Over Forever"

Jeremy Grantham, Chief Investment Officer of GMO Capital (which manages over $100 billion in assets), in "Time to Wake Up: Days of Abundant Resources and Falling Prices Are Over Forever" alerts us to the scarcity of resources that will (or already does) mark the world economic picture, and he explains that it is high time for humanity to accept that our planet has experienced a paradigm shift in the last decade with long-term consequences for all of us.

This is a "must read" for everyone.

Hat tip to CaryGEE for the initial message,
googled to the specially formatted version at The Oil Drum
and from there linked to the original article at GMO.

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