ZJPN - Japanization: The S&P 500 Is Tracking The Nikkei Of 1980

• The issue of demography plagues Japan and the U.S. equally. The advancing decades show birth rates dropping as dependency on social welfare climbs.
• The problem, as with Japan, is that demographics are undermining the support for the social welfare system. The aging population is currently dependent on a scheme funded by less than 2 workers per retiree.
• Despite the BOJ’s balance sheet consuming 80% of the ETF markets, not to mention a sizable chunk of the corporate and government debt market, Japan remains plagued by rolling recessions and low inflation, and low interest rates.

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