379: The Great Demographic Reversal, Ageing, Inequality & Inflation Revival by Charles Goodhart (Goodharts Law)
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Charles Goodhart and Manoj Pradhan join today to elaborate on a significant global prediction that low-interest rates won\\u2019t last. When they go away, it will place substantial hardship on the economy. Charles and Manoj authored the book\\xa0The Great Demographic Reversal,\\xa0a book that will outline the rise in inflation and interest rates but lead to a pullback in inequality. Ultimately, Charles Goodhart shares\\xa0Goodhart\\u2019s Law.
Books:\\xa0The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival
Key Takeaways:
[2:00] It\\u2019s a time to be thankful.\\xa0
[3:20] The Fannie Mae loan limits are going to be increasing!\\xa0
[4:15] Jason Hartman Flash Briefing: The Story of Inflation
[7:50] How are Manoj and Charles connected?
[10:20] How have globalization and technology influenced inflation?\\xa0
[13:45] The debt ratios around the world have been jumping up very sharply.\\xa0
[14:00] Will interest rates go up?
[15:00] The best way to get out of debt is to grow faster.
[17:00] Japan is aging itself out of existence with its extremely low birthrates.\\xa0
[18:20] Robots won\\u2019t do; we need a reallocation from one part of the economy.\\xa0
[22:00] Why is the dependency ratio so important?
[23:45] The way Japan has been treated has been symptomatic of many of the analysis problems that we see in the global economy.\\xa0
[25:45] Manoj comments on what allowed Japan\\u2019s debt to get so high.
[27:25] One result of the pandemic was that every country becomes more national and self-reliant.\\xa0
[29:45] Are we moving into an era of stagflation?
[30:15] What kind of inflation is coming? US or Global? And how much?
[35:00] Goodhart\\u2019s Law
Websites:
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
1-800-HARTMAN
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