The Truly Scary Chart of the week comes not the courtesy of the world of finances, but that of demographics... and no, it is not of the dead elephants of Germany, Italy and the Euro area, but of the (for now much) alive China:
Yes, 2030s are far away, so level declines are yet to come, but rate declines are already here and it is the rate that matters, not so much the level, when it comes to growth.
