Helping you navigate the new normal
Its déjà vu all over again for the US economy. Friday’s news of Q2′s weak US GDP growth only confirmed the August 2014 comment by Stanley Fischer, then just appointed deputy Chairman of the US Federal Reserve: “Year after year we have had to explain from mid-year on why the global growth rate has been lower […]
There are 46m people aged over 65 in the USA today, and there will be 56m by 2020, according to recent US Census Bureau data. By comparison, the number of those aged under 18 will be static over the same period at around 75m. And by 2035, there will be more people aged over-65 than under-18 […]
Nobody would imagine that the SFr 800bn ($840bn) Swiss pension scheme could go bankrupt. But Swiss pension experts suggest it “will be bankrupt within 10 years (without)…a radical overhaul of the retirement system.” The problem is simple – a combination of low/negative interest rates and an increase in life expectancy. A major analysis in the Financial Times […]