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Re: JEREMY GRANTHAM: We're Headed For A Disaster Of Biblical Proportions

By: fizzy in ROUND | Recommend this post (0)
Tue, 14 Jun 11 10:58 AM | 48 view(s)
Boardmark this board | De's Test Board 		Msg. 33431 of 45644
(This msg. is a reply to 33430 by fizzy)
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Here's the link to the original, full article by Grantham: http://www.gmo.com/websitecontent/JGLetterALL_1Q11.pdf

A quick perusal shows NO indication that Grantham has any clue that maybe...just maybe...ZERO INTEREST rates and unlimited supplies of Ponzi money and finance provoke ANY affect on human behavior.

I guess the NASDAQ and housing bubbles just didn't register with him?? I guess Grantham thinks that the world reaching 7 billion people and "running out of resources" CAUSED the NASDAQ and housing bubbles?

I have been inclined to suspect peak oil and maybe some other resource depletion as a major issue going forward but when someone like Grantham pounds that drum without even MENTIONING, in an "oh by the way" that ZIRP / Ponzi finance drives people into a consumption and speculation frenzy I have to go back and wonder if maybe he is just setting up ANOTHER red herring similar to "global warming" to sucker more people into his investment vehicles....


I have come to realize that men are not born to be free. Liberty is a need felt by a small class of people whom nature has endowed with nobler minds than the mass of men. -Napoleon

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The above is a reply to the following message:
Re: JEREMY GRANTHAM: We're Headed For A Disaster Of Biblical Proportions
By: fizzy in ROUND
Tue, 14 Jun 11 4:51 AM 		Msg. 33430 of 45644

I mostly wonder why he doesn't mention Ponzi monetary policy as a factor but jumps right to peak everything. It may be peak everything but it bothers me when an obviously really bright bulb in the know doesn't discuss the OTHER possibility for the elephant in the room.

If YOU could buy as much of everything in the world for nothing -- or with a zero interest loan in a rapidly inflating currency -- and you noticed there were players all over the world also printing and also borrowing at zero interest, what would YOU do? How predictable, in a world of growing population and 3rd world build out, would be escalating prices in everything real?

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