Hamilton: “I’ve A Bad Feeling US Is Following In The Footsteps Of Bernie Madoff”…(8…)

Tuesday, April 16, 2019
By Paul Martin

by Chris Hamilton via Econimica blog,
Tue, 04/16/2019

Charts and Words… blah blah blah…

The Problem:

The Fed and major central banks believe they are fighting a deflationary spiral battling ongoing misses to their inflation targets. But in truth their misguided policies are contributing to a depopulation spiral. They are forcing low interest rates that only exacerbate overcapacity for a consumer base among whom growth is fast decelerating. The cheap money is causing rapid asset appreciation absent like wage growth. Asset holders (primarily older and wealthy) are reaping the rewards while those with little or no assets (young, poor, those of childbearing ages) are paying higher rents, insurance, medical care, schooling, etc. etc. This inequitable inflationary pressure is pushing birth rates to all time lows and cutting off present and future demand…and this is met with even more of the medicine that made the patient sick in the first place.

From a US perspective, there has essentially been no bottom up US population growth since 1950. Chart below shows average annual US births per decade (including births from all sources, legal and illegal). Lower boxes show current age of the population borne during each decade. Births have essentially been flat for seven decades.

The Rest…HERE

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