Markets will soar higher to bubble territory

Jeremy Grantham, founder of GMO, the asset manager in Boston, has predicted that rising dealmaking would “push the market up to true bubble levels, where it will once again become very dangerous indeed”.

Capitalism cannot solve every problem

People simply do not get the point that you can’t have sustainable growth forever. You can have sustainability forever, or growth for a few years. Capitalism does millions of things better than the alternatives. However, it is totally ill-equipped to deal with a small handful of issues. Unfortunately, they are the issues that are absolutely central to our long-term well-being and even survival.