Ed Dowd

And, you know, the CEO of One America, Scott Davison said in January of 2022 that his book of business just experienced 40% in that age bracket. And that was unheard of. And he said 10% was once in a 200 year flood. So we've gone from, and then he said 40% was unprecedented and incalculable, you know, hard to calculate how off the charts it was.

And, you know, the CEO of One America, Scott Davison said in January of 2022 that his book of business just experienced 40% in that age bracket. And that was unheard of. And he said 10% was once in a 200 year flood. So we've gone from, and then he said 40% was unprecedented and incalculable, you know, hard to calculate how off the charts it was.

So now we've gone from off the charts to once in a 200 year flood steady state. And that's a disaster long term. Also, the good news is booster uptake is abysmal. If you look at the stock prices of both Moderna and Pfizer, they've come down quite a bit. Moderna is down 90 plus percent from its high, and they don't have any other product that's available for sale.

So now we've gone from off the charts to once in a 200 year flood steady state. And that's a disaster long term. Also, the good news is booster uptake is abysmal. If you look at the stock prices of both Moderna and Pfizer, they've come down quite a bit. Moderna is down 90 plus percent from its high, and they don't have any other product that's available for sale.

So they need revenue, and they're trying hard to get these mRNA platforms approved in all sorts of different ways.

So they need revenue, and they're trying hard to get these mRNA platforms approved in all sorts of different ways.

uh indications like they want to create vaccines for cancer which you know just sounds insane to me i can't a vaccine for cancer i thought vaccines attacked viruses but you know maybe i don't know what i'm talking about so that's where we are um we're also going to start taking a look at uh birth rates which we've hesitated to do because one of the things that affects birth rates a lot is the economy and you know it's globally there's different economic forces working but if the birth rate

uh indications like they want to create vaccines for cancer which you know just sounds insane to me i can't a vaccine for cancer i thought vaccines attacked viruses but you know maybe i don't know what i'm talking about so that's where we are um we're also going to start taking a look at uh birth rates which we've hesitated to do because one of the things that affects birth rates a lot is the economy and you know it's globally there's different economic forces working but if the birth rate

is persistently lower over time than we know when we have a signal. And we're getting close to starting to examine that.

is persistently lower over time than we know when we have a signal. And we're getting close to starting to examine that.

Yeah, so one of my partners, Carlos Allegria, where I met him, wrote a book called Economic Cycles, Debt and Demographics. He did a great study in all the different demographic situations going on across the globe. And prior to COVID, China hit a demographic wall in 2020, so they're on a demographic decline. which is bad for their economy long term. South Korea had a problem. Japan has a problem.

Yeah, so one of my partners, Carlos Allegria, where I met him, wrote a book called Economic Cycles, Debt and Demographics. He did a great study in all the different demographic situations going on across the globe. And prior to COVID, China hit a demographic wall in 2020, so they're on a demographic decline. which is bad for their economy long term. South Korea had a problem. Japan has a problem.

Southern Europe has a problem. He predicts that at some point the euro will disband because of the disparity between the countries that produce with growing populations and the southern European countries that have an aging problem without a growth increase. So that was prior to COVID. So now we have excess deaths.

Southern Europe has a problem. He predicts that at some point the euro will disband because of the disparity between the countries that produce with growing populations and the southern European countries that have an aging problem without a growth increase. So that was prior to COVID. So now we have excess deaths.

and potentially lower fertility rates, which, again, we haven't spoken on that, but we're going to look at it. And South Korea, we looked at preliminary data. It looks like extinction-level event going on there, that over time the economy will collapse. And sure enough, you know, South Korea's in the news. They declared martial law.

and potentially lower fertility rates, which, again, we haven't spoken on that, but we're going to look at it. And South Korea, we looked at preliminary data. It looks like extinction-level event going on there, that over time the economy will collapse. And sure enough, you know, South Korea's in the news. They declared martial law.

We suspect that was to cover up a currency crisis and a collapsing stock market, because their central bank came out immediately and provided as much liquidity as needed. So these have real-world consequences long-term for a lot of these economies. It'll collapse overnight, but it's definitely not good.

We suspect that was to cover up a currency crisis and a collapsing stock market, because their central bank came out immediately and provided as much liquidity as needed. So these have real-world consequences long-term for a lot of these economies. It'll collapse overnight, but it's definitely not good.

And demographics, you can't trade on demographics, but you can certainly catch long-term trends.

And demographics, you can't trade on demographics, but you can certainly catch long-term trends.