Why the Fed, Nor Any Central Bank, Can Ever Truly “Normalize”
In this reality, the only means of maintaining or lifting asset prices further is ever more central bank monetization (aka, centrally planned and executed counterfeiting). Of course, this monetization scheme is doomed to fail but while it continues, the gains are privatized while the losses are socialized. But ultimately markets (and economies, as a means of honest exchange), will get cleared. So, without further ado, I detail the end of population growth (particularly where it matters):
1- Simply put, topline global population growth (births) ceased increasing almost 30 years ago! Looking solely at the top-line (dashed black line, chart below), note that from 1950 to 1989, annual global births increased 73% (+57 million). Conversely, from 1989 to 2018, annual global births have risen just 1% (+1 million). Based on UN data and UN median (overly optimistic) future estimates.
However, the distribution of those births among the differing groupings of nations (by income) has dramatically changed from 1950 to present…and will shift further by 2050.
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