Apollo's Chief Economist (né Deutsche Bank) at Apollo Academy, January 29
Since the financial crisis in 2008, the fertility rate has declined more in the US than in other countries, see chart below and here. Lower population growth leads to secular stagnation, and it has significant consequences for the level of interest rates, Fed behavior, and expected returns for investors, see also here and here....
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On a cheerier note, via Business Insider, January 31:
