Jeremy Grantham Nails the Zeitgeist, or “The New Abnormal” The economic environment seems to be stuck in a rather unpleasant perpetual loop. Greece is always about to default; the latest bailout is always about to save the day and yet never seems to; China is always about to collapse but instead teases us by inching...Read More
Malthus Returns — With a Vengeance Jeremy Grantham’s latest quarterly newsletter is devoted to looming resource scarcity — and its consequences. As Grantham himself allows, it’s not a cheery subject; it’s not for nothing that economics is known as the “dismal science.” But if you respect Grantham (and I do), it’s worth a read.Read More