"I hope you enjoyed the Easter weekend, weather fit for the Med - long may it continue!

"I am sure you have read GMO Jeremy Grantham's latest piece, entitled "Time to wake up," and I am one of the masses who recommend this as essential reading. I was also lucky enough to get a half audience with Niall Ferguson a few weeks ago, whose latest book "Civilisation" is a good read and was recently serialised on Channel Four. Their thoughts very much compliment each other along with the Fullermoney theme of the commodity super cycle."

David Fuller's view Thanks, I always enjoy Jeremy Grantham's letter. I will read it and comment on it tomorrow.