Investor Jeremy Grantham is known for his warnings against the financial bubble. Too bad that his solution is: go fast into the green transition. He is also a dyed in the wool Malthusian, but nevertheless, his warning is as correct as anyone except Lyndon LaRouche has ever made. Here is an excerpt from yesterday’s interview with Reuters:
“A bust might take a few more months, and, in fact, I hope it does, because it will give us the opportunity to warn more people. The probabilities are that this will go into the fall: The stimulus, the economic recovery, and vaccinations have all allowed this thing to go on a few months longer than I would have initially guessed.
“What pricks the bubble could be a virus problem, it could be an inflation problem, or it could be the most important category of all, which is everything else that is unexpected. One of 20 different things that you haven’t even thought of will come out of the woodwork, and you had no idea it was even there.”
