12 Jul 2012

Role of Demographics

Harry S Dent talks about how demographics can predict trends in the economy--indeed how he has predicted economic trends and how he is predicting that we are still on the way down.

"What we are now entering is a prolonged downturn – a modern day Great Depression"

"housing is not going to come back, because baby boomers are done buying houses."

"We have to go through the detox process of deleveraging debt..." 

"My favourite economist is Steve Keen in Australia"

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Keep is seemly & on-topic. Thanks.