[quote=XBoxBoy][quote=dumbrenter]
Do you agree with what he says about the investing implications due to increasing elderly dependency ratio?[/quote]
No. As a matter of fact I think the opposite is true. It’s my feeling that in the coming decades productivity will increase tremendously as more and more production is taken over by robots and computers. This will lead to deflation, not inflation as he’s predicting. (Arguably this is already happening?)
Worth mentioning, I do agree with his first two paragraphs in which he points out the sad state of our current govt to citizen relationship. When he says, “November 2016 will not change a thing – 8 years of Hillary or 8 years of a non-Hillary. Same difference. Central bankers, Superpacs, and K street lobbyists are in control.” I think he really hits the nail on the head.[/quote]
The productivity might increase in coming decades, but if the increase is from robots and computers, what does that do with the welfare spending? Because Robots don’t pay taxes. Do you think the tax tab will be picked up by the companies that use them?
Or do you expect we will go thru another cycle of adjustment as from farms to industries?
