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Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.

"As you can see in today’s Chart of The Day (slide 88 of our current Macro Themes deck), private sector deleveraging should continue as the Eurozone economy ages alongside a projected contraction in organic demand for as far as the eye can see.


Put another way, the Eurozone is entering its modern dark age of demand (population growth of the 35-54 yr old population going more negative, at an accelerating rate). And there isn’t a damn thing a central-market-planner can do to stop that."


CHART OF THE DAY: Is The Eurozone Entering Its Modern Dark Age? - 09.30.16 EL Chart