[thewanderer1983]

The last line of the slide reads "Once you start thinking about these issues, it is hard to think about anything else: demography is destiny."

Raoul Pal primary thesis about macroeconomics is that Demographics is everything. Here is a 54 second video of him highlighting that issue.

https://www.youtube.com/watch?v=vJm_zFbIqPE

[mensetmanusman]

GDP = people * productivity

I’m super interested on the economic modeling when every society is shrinking.

In that case, the best index fund will be the one that shrinks the slowest. This will happen about 10 years after the average reader here dies.