Jeremy Grantham says ‘Goldilocks’ era of past 25 years is ending

“There’s only a certain amount of cheap oil, cheap nickel, cheap copper, and we are beginning to hit some of those boundaries,” said Grantham, co-founder of Boston asset manager GMO.

“Climate change is coming with heavy floods, serious droughts and higher temperatures -- none of these make farming easier. So, we’re going to live in a world of bottlenecks and shortages and price spikes everywhere.”

Grantham, 83, insists that’s all inevitable because, along with the scarcity of raw materials, baby boomers are retiring, birth rates are declining, emerging markets are maturing and geopolitical tensions are flaring -- all trends decades in the making and almost unstoppable.

Bloomberg 26 January 2022

https://www.bloomberg.com/news/articles/2022-01-26/grantham-has-an-even-scarier-prediction-than-his-crash-call

U.S. market approaches end of ‘superbubble,’ says Jeremy Grantham 

Blooomberg 20 January 2022

https://englundmacro.blogspot.com/2022/01/us-market-approaches-end-of-superbubble.html