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.
Rarely does any so-called “world leader” impress me. Some of them probably mean well in that superior, “I know better than you do what’s good for you” kind of way.
One of my great passions, besides investing in stocks is buying and drinking fine and rare wines. I’ve been doing it for nearly ten years.