US economic growth will be less than 1% in the next fourty years according to a new analysis by famous American investor Jeremy Grantham. The contrarian investor sees resource scarcity and higher resource prices as well as demographic factors as the main reason why our global economies will continue to struggle for new economic growth. (Source: Business Insider)

As always the gloomy predictions of Mr Grantham’s piece make a lot of sense but will be neglected by the "don’t worry, be happy" myopic political and economic elites.

Read the full report and another interesting piece by Jeremy Grantham on climate chaos and scientists’ response in the journal Nature.