The GSE Report
To paraphrase Dr. Seuss, we are living through a period of incredible “thinks”:
- In the next 10 days, 112,000 people in the US, Europe and Japan will reach the retirement age of 65.
- In each of the last three years, sales of adult diapers in Japan have exceeded sales of baby diapers.
- Meanwhile, 97 out of every 100 births now occur in developing countries.
- 56% of the world economy is currently being supported by official policies of zero interest rates.
- In the last 15 years, the value of prime London real estate has quadrupled; and yet today, UK interest rates are the lowest they have been in 300 years.
- In the next 10 seconds, the US national debt will have risen by $322,000.
- 2015, the U.S. federal government will spend $3.77 trillion (an amount larger than Germany’s GDP), while 50 million people live in poverty in the United States.
- The number of U.S. government regulations increased from 834,949 in 1997 to 1,040,940 by 2012.
- In the last 10 years, the number of industrial robots is up 72%, while the number of US manufacturing jobs is down 16%.
- And by 2023, the average $1,000 laptop will be able to communicate at the speed of the human brain (and 25 years later, at the rate of the entire human race).
