Wednesday, September 21 2022

September 2, 2022 – For many decades, the global economy has seen a dramatic expansion in the working-age population. One of the biggest impacts this has had has been to reduce the cost of almost all types of manufactured goods, which we’ve had for about 40 years, from 1980 to about 2020. Unfortunately, this decades-long process of increasing globalization, aided by an increasing expansion of new workers, is being reversed. Today on Financial Sense Newshour we’ll be rebroadcasting probably one of the most important interviews we conducted on our weekday FS Insider podcast a few months ago with Manoj Pradhan who, along with Charles Goodhart of the London School of Economics , wrote a 2020 must-read book that we’ve quoted several times on our show called The Great Demographic Reversal, which discusses the many implications of declining birth rates around the world, not the least of which is an increase in long-term inflation rate. This book, and much of what we discuss in today’s interview, is part of why we have consistently warned on Financial Sense Newshour since 2020 to prepare for higher inflation for many years to come. , if not for the rest of this decade.

If you haven’t already read their book, we certainly encourage you to listen to many of the very compelling arguments Manoj makes on today’s show, some of which are quite shocking considering the numbers he cites. As always, if you’d like to read more about these types of interviews we offer on FS Insider during the week, covering all aspects of the markets and economy, as well as long-term macro trends, click here for you. subscribe.

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