The Future Hole in the Economy

by BMG Admin on July 25, 2012

“If we allow for an aging population and two centuries of experience with debt overhangs, then we get the bar on the right – and the gaping hole in the future.  Nothing works.  The situation gets much worse than projected – and it happens must faster than what is projected.  This is because the projections are based on the simplistic extrapolations of historic growth rates, and we have bedrock reasons to believe that
growth rates will be much lower.” 

– Daniel Amerman

To read Daniel R. Amerman article: Three Converging Factors May Slash Economic Growth by 71%

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