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Cartoon of the Day: Tick... Tock... - Aging America cartoon 06.09.2015

Editor's Note: Below is one of our Macro Team's Q2 2015 macro themes. 

#DemographicYields: Year after year in the post-crisis era, investors, economists and policy-makers alike have consistently seen their estimates for GDP growth, inflation and interest rates surprised to the downside. Perhaps there is some merit to the “secular stagnation” thesis most recently highlighted by Bernanke’s blog. In this theme, we pull back the curtains on the impact of demographics on the domestic and global economy. The conclusion? Lower-for-longer...

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