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Posted Wednesday, December 2nd, 2015 at 12:26 pm by in .Edit this post More in

I’ve been made redundant the scarlet letter essay A person in their 30s is not only economically productive, they are building up the assets on which they hope to retire, which helps drive asset prices. Compare that to a developed world with more people in their 70s, working less and consuming less, moving to smaller houses and selling down their assets. In emerging markets, growth has often depended on cheap labor and high savings rates, things which may ebb or even come to an end. As for emerging markets, wages would rise and savings rates fall.

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