nutshell

[stormsewer]

"The prices of all important commodities except oil declined for 100 years until 2002, by an average of 70 percent. From 2002 until now, this entire decline was erased by a bigger price surge than occurred during World War II. Statistically, most commodities are now so far away from their former downward trend that it makes it very probable that the old trend has changed — that there is in fact a Paradigm Shift — perhaps the most important economic event since the Industrial Revolution." -Jeremy Grantham

Comments

[sweetevangeline.livejournal.com]

I just said something like this to a friend the other day, only without numbers and things. Ha. Now I feel all smartlike and such.

[stormsewer]

You are among the smarterlike people that I know.

[sweetevangeline.livejournal.com]

Hardly. I'm just a realist with a calendar and a calculator*. I mean, something can only go on so long and then it stops being a blip and just is.

* Admittedly, it's on my iphone but, whatever, it counts.