Jeremy Grantham of GMO Capital management has just published a long piece with the stark title: “Time to Wake Up: Days of Abundant Resources and Falling Prices Are Over Forever.”
You can find it here if you register for the GMO site.
The gist, though, is exactly as the title says. We’re not finding oil, copper, or iron like we used to. Crop production growth is limited too. And all the while, the world’s population is surging, so demand is booming.
We’ve clipped the key charts for your perusal.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.