Author Harry Dent forecasted The Demographic Winter way back in the 1980s. As he clearly explains in the video that we are showing locally and promoting (at no economic benefit to ourselves, click here for ordering information), Japan is the first modern economy to live through a post modern demographic collapse due to the fact that Japan did not experience a post World War II baby boom.
Have not yet viewed Demographic Winter? You really should, it puts almost all of post modernity in perspective. We are showing it once again Tuesday, at the downtown Allen County Library, at 6:15 p.m. We will show and discuss the second video in this series, The Demographic Bomb, at the downtown library theatre on August 6 at 7:15 pm.
Harry Dent’s explanation of our current economic downturn is a eureka moment in the video Demographic Winter. When Dent superimposes the aging curve over the economic curve, one feels a bit woozy at first. Much like one does when the roller coaster ends its climb and hesitates, just a second, before the big plunge.
Uplifting and encouraging? No, I guess not. If you want that tune into pop-music-driven Christian Radio.
Fact-based and insightful? Yes. It is the truth, straight up — a glimpse into our startling future as a social order. The one that we have chosen.
Here is a factual analysis in today’s headlines backing Harry Dent up all the way. What some want to spin as a difficult to understand hiccup in an otherwise growing economy Harry Dent nails as the future come this month: He predicted 2010 as the year of the Baby Boomer drop-off and it looks to be he was right on. Come to our next Tuesday night event to hear him explain this with market curves.
Here is a quote from this recent article:
The Thomson Reuters/University of Michigan preliminary indexof consumer sentiment decreased to 66.5, the lowest since August and less than the most pessimistic forecast of economists surveyed by Bloomberg News. Another report showed inflation cooled last month.
The sentiment figures showed a record-low share of Americans expected their incomes will rise in the next 12 months, underscoring growing pessimism over employment prospects. Declining confidence may further restrain consumer spending, which accounts for 70 percent of the economy, and hinder the recovery in coming months.
Source
Post moderns so love the subjective! (Even “Christian” post modernists.) Consumers just are not confident, they say. Well I have bad news for you, sunshine — it ain’t about confidence, it is about the number of consumers and what age of life they are in. Again, if you view The Demographic Winter you will understand this argument and be prepared to take action in light of the demographic realities we NOW face.
Dent proves his thesis by appealing to Japan, a nation that had no post WWII baby boom. It is quite interesting to note that a recent mainstream press article ominously entitled “World at Risk of Folding in on Itself: Deputy Doom” argues from the Japanese experience to warn us all that we might be nearing the precipice:
The global economy is at risk of folding in on itself unless policy makers face up to the threats of inflation inflexibility and exchange-rate inflexibility, according to Arun Motianey, director of fixed income strategy at Roubini Global Economics.
A Japan-like outcome is a big risk for the developed world with deflation a big danger, he said….. With both these factors hitting growth, the threat of the world economy folding in on itself is now ever-present, Motianey said.”If we slide into deflation – the likely fate of the developed market – a Japan-style outcome will become inevitable,” he said.
Source: http://www.cnbc.com/id/38255206
Come to the downtown library Tuesday night at 6:15 pm if you want to know just what a Japanese style outcome looks like. It will be one heck of a ride, that much is pretty much certain.