| Investors avoiding commodities are missing the bigger picture, warns GMO Chief Investment Officer Jeremy Grantham in his latest commentary. “Statistically, most commodities are now so far away from their former downward trend that it makes it very probable that the old trend has changed – that there is in fact a Paradigm Shift – perhaps the most important economic event since the Industrial Revolution,” he writes.
Grantham was an early bull on emerging markets, and, Morningstar has called his forecasts “spot-on” over the years..............................................Full Article: Source
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