Demand is not the problem. There is no correct level of demand; wherever it’s at is the right place. We have a problem of (among other things) overproduction caused by artificial credit expansion, which has nothing to do with how many 40 year-olds there are.
Demand is the problem.
Our economy is based on consumption. With less consumption there is less GDP and less employment. And the biggest consumption group is the one between 40 and 55 years old.
All of the politicians understand this and so does Wall Street, but none mention it. Talking about this is like talking about the elephant in the room because zero population growth is “politically correct” in the western world while having babies is not.
Because of zero population growth, Social Security is in trouble, health care costs per person are increasing, the Caucasian population has dropped to 10% of the total in the world from 25%, and consumption of real goods in the western world is decreasing.
Did you read the entire article or just the extracts?
In order to get a proper score one needs to purchase dozens of clubs and various sized balls.
Also, the golf clubs need to install an increasing array of complex obstacles through which the golfers must play.