"Time to Wake Up: Days of Abundant Resources and Falling Prices Are Over Forever" was the title of an urgent report written by the legendary asset manager Jeremy Grantham in 2011. Grantham proclaimed the advent of a resource scarcity "paradigm shift" that was "perhaps the most important economic event since the Industrial Revolution." As evidence, he noted that "the prices of all important commodities except oil declined for 100 years until 2002, by an average of 70%." Since then, he continued, "this entire decline was erased" by the price surge, which he took as a signal that the world was using up its natural resources at an alarming rate. The result, he declared, would be a permanent shift where the prices of raw materials rise and shortages become common. This week, Grantham takes most of it all back.
Cops laugh about “probable cause on four legs” but the damage to innocent lives is real.
"You had the most right-wing members of the legislature signed on with most left-wing members."
Want to keep wearing a mask yourself? That's fine. Want to force fully vaccinated people to join you? The science doesn't support that.
The FBI Seized Heirlooms, Coins, and Cash From Hundreds of Safe Deposit Boxes in Beverly Hills, Despite Knowing 'Some' Belonged to 'Honest Citizens'
Victims of the FBI's constitutionally dubious raid say they've been told to come forward and identify themselves if they want their stuff back.