Showing posts with label Edward Cheung. Show all posts
Showing posts with label Edward Cheung. Show all posts

Thursday, November 22, 2007

Baby boom, baby bust

Percentages of the population above age 65 in selected countries


Clif Droke (SafeHaven, yesterday) summarises Edward Cheung's work, which relates the Kondratieff cycle to demographics. The most spoiled generation in history is entering its retirement phase and starting to draw on its accumulated wealth, so creating a growing undertow in the financial tide.