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Demography as a Key Factor in Understanding Economic Trends
The financial crisis has left investors in a state of constant anticipation for the next calamity, resembling PTSD. While many economists overlook demographics due to its slow impact, it plays a crucial role in shaping major trends. The speaker, a baby boomer, initially felt special belonging to a large cohort, but later recognized the commonality and significance of the 75 million baby boomers. Understanding demography has been insightful for deciphering the US economy.