This Is An Eye-Opening Chart Of Europe's Working-Age Population
Paul Krugman has a nice, short post about the persistence of ultra-low interest rates, and how they're taking people by surprise.
His basic argument: It's kind of different this time. The world is transitioning to a permanently slower pace, in part fueled by demographics.
He posts this chart of the growth of the working age population in Europe.
FRED
As you can see, Europe is quickly turning Japanese, with a shrinking population.
This helps explain why European bond yields keep grinding lower and lower, despite all the debt and concerns about the lasting durability of the Eurozone.
The US population is still growing (though not like the old days), but ultimately similar factors are at play.
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 11 must-visit tourist places in Nainital in 2024
- Indegene's ₹1,842 crore IPO to open on May 6
- BSE shares tank nearly 19% after Sebi directive on regulatory fee
- Nainital bucket list: 9 experiences you can't miss in 2024
- Sanju Samson likely to be India's first-choice wicketkeeper for T20 World Cup