Salient to Investors: Jeremy Grantham at GMO said: Commodity prices fell for a hundred years by an average of 70 percent, and then from 2002 basically everything tripled and regained the whole decline in 6 years – tobacco was the only commodity that fell. The game changed because of the
READ MORE... →Salient to Investors: Jeremy Grantham said: The biggest issue we face is deterioration of the environment, particularly climate damage. In the US, the biggest problem is coal and tar sands. If we burn half or more of the coal and tar sands in two areas in North America, there is
READ MORE... →Salient to Investors: Doug Short at Advisor Perspectives writes: Statistics says that 99.7% of all daily movements should fall within three standard deviations of the mean, but Deutsche Bank research shows that three standard deviation movements are not as rare – some instances, like the 2008 financial collapse, happen over 25% of
READ MORE... →Salient to Investors: Lumber prices through Dec. 28 have risen 47 percent in 2012, heading for the biggest annual gain since 1993. Paul F. Jannke at Forest Economic Advisors expects lumber futures to tumble as much as 25 percent from a 7-yr high due to output increases in Canada. Scotiabank says lumber
READ MORE... →