Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
"Time to Wake Up: Days of Abundant Resources and Falling Prices Are Over Forever The world is using up its natural resources at an alarming rate, and this has caused a permanent shift in their value."
Grantham is actually looking for a (probably) brief but potentially significant pullback in many commodity prices over the next year or so due to a slowdown in China's fueled-by-steroids consumption and the sheer probability of somewhat better ag weather coming up after the recent disasters. (Did you know China is consuming nearly half the iron ore mined in the world? I didn't know it was that big.)
The data and analysis on oil prices is really enlightening and on point.
What a big picture thinker - no wonder GMO's 7-year forecasts are generally good, while they're not as on top of short-term market gyrations.
Comments
http://www.usfunds.com/investor-resources/investor-alert/index.cfm?print
The data and analysis on oil prices is really enlightening and on point.
What a big picture thinker - no wonder GMO's 7-year forecasts are generally good, while they're not as on top of short-term market gyrations.
http://www.kiplinger.com/columns/balance/archive/buy-canadian-oil-stocks.html
buy oil...but not now
http://www.kiplinger.com/columns/value/archive/t-rowe-price-new-era-buy-oil-but-not-now.html