RT Nick Szabo (@NickSzabo4)Since world demographics are in long-term decline, much of this can't be paid back in real value. It will rather be diluted, or paid back in diluted money, leaving investors in this $111 trillion with more the illusion than the reality of returns.Trust-minimized assets with low dilution will do relatively better, and are much safer over longer time horizons, even if their short-term volatility is substantial. ...

RT Nick Szabo (@NickSzabo4)Since world demographics are in long-term decline, much of this can't be paid back in real value. It will rather be diluted, or paid back in diluted money, leaving investors in this $111 trillion with more the illusion than the reality of returns.Trust-minimized assets with low dilution will do relatively better, and are much safer over longer time horizons, even if their short-term volatility is substantial. ...

RT Nick Szabo (@NickSzabo4)Since world demographics are in long-term decline, much of this can't be paid back in real value. It will rather be diluted, or paid back in diluted money, leaving investors in this $111 trillion with more the illusion than the reality of returns.Trust-minimized assets with low dilution will do relatively better, and are much safer over longer time horizons, even if their short-term volatility is substantial. ...

RT Martin Sellner (@Martin_Sellner)The birth rate in Italy has fallen to a record low of 1.13 children per woman. Last year, only 370,000 babies were born, the lowest number since 1861.Meanwhile, birth rates in Denmark are rising for the first time in years thanks to a progressive remigration policy.The Danish population aged 0 to 19 is more Danish than the total population, and the 0 to 4 age group even more so.If European immigrants are included, 85.9% of babies in Denmark are currently Danish and 89.7% a ...

Many may worry that a world with fewer couples and children will be sadder and more atomised. Yet bemoaning the prospect will not avert it https://t.co/XrE4VNPysg ...

Market Outlook - The market is not in a traditional bubble, as people tend to expect history to repeat itself, but the market often has different plans [3] - The greatest call was the secular decline in interest rates, which is believed to be back [4] - Short-term interest rates would be between 1% and 2% without the Fed's intervention [3] Economic Factors - Demographics are a strong reason for the current yield curve, as aging societies save more [7] - Older populations save more, exemplified by Japan and Germany, where savings exceed investment [8][9] - The US has $170 trillion in financial assets against a $30 trillion economy, making it difficult to sustain high interest rates [10] - Private debt is contracting at 2% per year relative to GDP, impacting the banking system [14] Investment Strategy - A massive shift in corporate sector ownership from debt holders to shareholders is expected as debt decreases [14][15] - Equities are expected to benefit as debt stock unwinds [16] - Productivity gains from AI are already visible, with hours worked down about 2% from 2019 while real GDP is up 13% [17] Technology Sector - The corporate sector is generating free cash flow late in the cycle [17] - Hyperscalers may not make money directly from large language models but will offer low-cost software packages [22]

Demographics & Perception - The report indicates that only 7% of the world's population is White [1] - Public perception significantly overestimates the White population, with guesses averaging upwards of 80% [1] Societal Implications - The report suggests this misperception creates a false sense of demographic security [1] - Many individuals are unaware of their status as a global minority and the approaching demographic shift in their home countries [1]

Population Growth Trends - Half of the world's population gains until 2050 will come from 8 nations: India, Pakistan, Nigeria, Congo, Ethiopia, Bangladesh, Tanzania, and Egypt [1] - Half of the babies born between now and 2050 will be born in just those 8 countries [1]

Demographics & Societal Trends - The tweet highlights the phrase "Demographics is destiny," suggesting a belief that demographic trends significantly influence future outcomes [1] - The account "@EndWokeness" implies a focus on opposing "wokeness," suggesting the tweet's context relates to cultural or political viewpoints influenced by demographic shifts [1]

RT End Wokeness (@EndWokeness)Demographics is destiny https://t.co/uktT8n0nKt ...