"We are five years into a severe global food crisis that is very unlikely to go away. It will threaten poor countries with increased malnutrition and starvation and even collapse. Resource squabbles and waves of food-induced migration will threaten global stability and global growth. This threat is badly underestimated by almost everybody and all institutions with the possible exception of some military establishments."
Joe Romm summarises the latest article by guru investor Jeremy Grantham in his Quarterly Newsletter. "The global economy is a Ponzi scheme".
Via Willy De Backer