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Editor's Note: The following chart and excerpt are from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to subscribe. 

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...And the last two cycle tops didn’t have this mother of all demographic secular slowings (which actually makes it different, for the worse – see Chart of The Day for the demographic tail wagging this global demand dog).

CHART OF THE DAY: The Mother of all Demographic Secular Slowings - z ben 08.24.15 chart