While the pandemic has had a lasting impact on the world economy, other factors still influence things. In my next issue of The Daily Reckoning Australia, I let you in on a problem that might be even worse than the pandemic…
The Difference Between Economic Depressions and Recessions
Next time I’ll look at how COVID will impact the economic future of the world. It’s another area with some big questions, the answers of which are vital to you as an investor.
The Real Lender of Last Resort
Pierpont Morgan died the same year the Fed was created. There has been no real lender of last resort ever since. The financial system is on a high wire with no net. And the wire is going wobbly.
A Miserable Outlook
The miserable outlook for the world’s most important economy The Biden economic program — of more spending, higher taxes, more regulation, open borders, and a war on fossil fuels — is coming.
A Miserable Outlook
The miserable outlook for the world’s most important economy The Biden economic program — of more spending, higher taxes, more regulation, open borders, and a war on fossil fuels — is coming
Is the Federal Reserve the World’s Lender of Last Resort?
The Second Bank of the United States had a 20-year charter from 1816–36. The Federal Reserve System was created in 1913 and exists today.
Winners and Losers from Demographic Change
There will be winners even in those economies most challenged (except for China, which has rule of law deficiencies and will have political turmoil in addition to the demographic challenges).
The Tipping Point: China and India
The birth rate in both countries is dropping quickly, so China and India will individually both be below the replacement rate soon. The global population giants are shrinking almost as fast as the developed world.
Why the Pace of Declining Birth Rates Is Picking Up
Birth rates are declining globally, and urbanisation, education, and women’s emancipation are the primary drivers.
What’s Driving Demographic Decline?
Before diving into data on specific birth rates, it’s helpful to take an overview of what’s driving the demographic decline. This phenomenon is global.
