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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: CalculatedRisk who wrote (13809)10/21/2004 5:02:44 PM
From: mishedlo  Read Replies (1) of 116555
 
This may be the most compelling arguement I've seen for a commodities bull, regardless of inflation/deflation. We've passed the point of plenly (is there another resource-rich continent to discover somewhere???).

World Living Beyond Its Environmental Means-WWF
Thu 21 October, 2004 13:44
reuters.co.uk
By Richard Waddington

GENEVA (Reuters) - The world is consuming some 20 percent more natural resources a year than the planet can produce, conservationist group WWF warned on Thursday.

Urging governments to move rapidly to restore the ecological balance, the Swiss-based group said rich countries, particularly in North America, were largely to blame for the situation.
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