"How much do demographics really matter?"
Demographics are easy. Figuring out bets based on demographics is hard.
Europe is especially interesting, we've mentioned the short Sweden/long Poland or Czechia pair trade a couple times....
Today's factoids come from the Wall Street Journal's Mike Bird:
Looking at long-run growth series for Eastern European success stories is awesome. Poland ended 2018 about as income-rich as France was in 1985. Czechia is where France was in 2004, richer than Spain now. Estonian GDP per cap was 12% of Portugal's level in 1993, now all but even. pic.twitter.com/u4zJsObo6x— Mike Bird (@Birdyword) July 25, 2019
...MORESee:
2012
Repost--I Bet Poland is Glad it Hasn't Adopted the Euro
In his new book "Breakout Nations: In Pursuit of the Next Economic Miracles" Ruchir Sharma, head of emerging market equities and global macro at Morgan Stanley calls Poland and the Czech Republic the "sweet spots" in Europe.2017
As members of the EU who have not adopted the euro they have monetary flexibility that other EU members would kill for.
Although scheduled to begin using the euro in 2015 Poland's bankers have not expressed any great urgency about getting there....
Migrant Venture Capitalists Flood Eastern Europe
1380
Old School Polish Beer Wars
2009
Der Spiegel:
Blonde Parade Lifts Spirits in Gloomy Latvia
Many of the women were followed closely by enthusiastic musicians.