5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP542: The Crisis is Bigger Than Banks w/ Jeremy Grantham

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Long Term Effects of Climate Change

This year, global babies will be the same as 2000 for the first time in human history. The cohort of young men presenting themselves for military in Japan are down by 30%. In 20 years, it will be down by almost 50%. We have a long-winded recessionary period coming any minute and into that period, we have much accelerated climate damage,. probably knocked off half a percent of global GDP, probably for the first year, a measurably large amount.

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