Even in a World of Deleveraging... There Are STill Fortunes to Be Made

Graham's Note: This is an excerpt from my latest issue of Private Wealth Advisory in it,

As noted in yesterday’s article, the developed world will be entering a period of lower global growth for the following four reasons:


1)
Age demographics: a growing percentage of the population will be retiring while fewer younger people are entering the workforce.


2)
Excessive debt overhang.


3)
A return to more frugal “common sense” spending patterns in the

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