| GMO’s self confessed perma-bear Jeremy Grantham has rung the alarm bell on rising commodity prices predicting a crash ‘not unlike the ?nancial collapse’.
In his latest quarterly letter titled ‘Time to wake up: days of abundant resources and falling prices are over forever’, he argues that a combination of better than expected weather and a blip in the China's 'warp speed' growth due to anything from wage increases, misappropriated capital in large, unnecessary projects, rising debt or a house price bubble, could drag commodity prices down dramatically..............................................Full Article: Source
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