Keeping it Simple | Ep.38: Are We Fourth Turning Japanese? Or Is It Different this Time?
Keeping it Simple with Simplify Asset Management
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* Generational Conflict and Interest Rates in the 21st Century
The 20th century was defined by inflation driven by massive population growth, whereas the 21st century faces generational conflict over asset ownership. The reluctance to give up assets hoarded by older generations is creating tension. Interest rates are influenced by both scarcity and capital deepening, with population growth affecting the capital-labor ratio. The upcoming decline in the working-age population signals a new era where interest rates and inflation dynamics will change significantly, leading to a shift in economic paradigms and burden sharing.
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