I see some worrying trends too. The issues cited above but also the growing domestic conflicts in the USA, and more populism, authoritarianism including suppression of ‘wrong-think’. I did change my portfolio recently but didn’t liquidate it. I wonder whether these are temporary effects or the first sign of limits to growth.
In the end, stock market growth seems to be driven by population growth [citation needed]. My model for what happens when population stagnates is Japan. Their working population peaked and leveled off around 1990.
I see some worrying trends too. The issues cited above but also the growing domestic conflicts in the USA, and more populism, authoritarianism including suppression of ‘wrong-think’. I did change my portfolio recently but didn’t liquidate it. I wonder whether these are temporary effects or the first sign of limits to growth.
In the end, stock market growth seems to be driven by population growth [citation needed]. My model for what happens when population stagnates is Japan. Their working population peaked and leveled off around 1990.
I’m not sure what to invest in in a world without population growth. Probably tech. I will have to read 1960 the Year the Singularity was Cancelled again.
Make sure you use data that reinvests dividends.