In this in-depth conversation, hosts Ram Ahluwalia, with authors Charles Goodhart, and Manoj Pradhan analyze the far-reaching implications of global demographic changes, offering enlightening insights into the future of finance and economics. They contemplate on how emerging demographic trends, particularly the worldwide population decrease, might impact investing, inflation, and interest rates. They contemplate the role of artificial intelligence and robotics in counterbalancing these changes and anticipate the rising importance of migration and Africa in global policy matters. The discussion also highlights the potential for financial instability, necessitating skillful investment strategies and policy reforms.
00:00 Introduction to Non Consensus Investing
00:27 Discussion with the Author of The Great Demographic Reversal
01:08 Understanding the Impact of Demographic Changes
01:44 Deep Dive into the Demographic Shifts of the Past 30 Years
03:14 The Impact of China's Population Decline
06:39 The Future of Inflation and Interest Rates
08:18 The Role of Central Banks in Managing Inflation
09:30 The Implications of Rising Debt
14:52 The Potential of AI and Robotics to Boost Productivity
21:31 The Challenges of Replacing China's Economic Growth
28:12 The Role of Central Banks in Managing Demographic Changes
32:20 The Future of Public Debt Financing
34:46 The Unsustainable Projection of Debt and Deficits
36:28 The Inevitable Cut in Benefits
37:38 The Impact of Emerging Markets
38:15 The Threat of Inflation
39:47 The Revival of Quantitative Easing
40:56 The Exponential Increase in Debt and Deficits
41:37 The Pressure of Demography
42:25 The Role of Central Banks
45:55 The Impact of Inequality on Investment
56:28 The Future of Population Growth
01:02:44 The Importance of Migration and Africa's Role
01:03:35 The Critical Role of Policy