Demographic impacts on investment markets


Dean Stewart – Executive Director, Macquarie Investment Management
Thursday 16 July 2015

Demographic impacts on investment markets

16 Jul 2015

Macquarie’s Dean Stewart explains how demographic change is already having dramatic impacts on all aspects of economies, investment markets and government policy.

Demographic factors will likely be the most significant drivers of global economies and markets for the remainder of our lifetimes. Most people respond to them with a yawn. Few people are interested in something they think might matter in 40 years. However, the effects of demographic change are already having dramatic impacts on all aspects of economies, markets and government policy.

In this video Macquarie's Dean Stewart takes us through key themes from his latest research paper 'Demographic impacts today.' Dean's research shows us that demographic factors partly explain the ongoing Japanese recession and its timing, the European recession and its timing, deleveraging during and after the credit crisis and its timing, the successively lower peaks in each cash rate cycle around the world, the ineffectiveness of monetary policy in stimulating credit and economic growth, ongoing global disinflationary pressures, and asset price inflation.

 

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