In a word: Demographics. They are going to go from being a drag on growth, to a major contributor to growth. It’s going to happen quite fast, inside one generation, as it did in Asia.
Earlier this week, several people forwarded me a link to a recent article published by The Economist, which makes the bold claim that Tanzania’s official economic statistics are bogus.
Early in my working life, I decided to save and invest much of my income. I was fortunate to have been exposed to the ideas of compound interest.
The year was 1981. My father’s company, Maersk Drilling, a subsidiary of Danish conglomerate AP Moeller, had just posted him to Singapore.
If you followed me into the two gold stocks I wrote about back in April, you should be grinning from ear to ear.