1. Something Puzzling Has Been Going On in the Economy, and We Now Have an Explanation for Why

    Something Puzzling Has Been Going On in the Economy, and We Now Have an Explanation for Why

    Corporate investment has been weak, despite record low interest rates. And Jason Thomas, managing director and director of research at private equity giant Carlyle Group, has an interesting theory for why ...

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    1. In economies where societal aging has increased the share of investors dependent upon current income to fund consumption in retirement, investment demand could be expected to fall in response to cuts to real interest rates.
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