by Mish

Please consider China Seeks Baby Boom to Counter Low Birth Rates.

Chinese authorities are looking at ways to encourage people to have more children, less than 18 months after dropping the country’s contentious one-child policy in a bid to boost birth rates and stave off a demographic decline.

The Communist party introduced the one-child policy in 1979 to tackle population growth. It was scrapped in late 2015 following years of warnings from demographers over low birth rates and an aging population.

“Women’s attitudes towards childbirth have undergone a fundamental change. It’s no longer the traditional view of ‘more children means more happiness’,” said Jiang Quanbao, a professor at Xi’an Jiaotong University’s Institute for Population and Development Studies. “Women are pursuing their own education and career development. The opportunity costs of having a second child are large.”

Population aging poses serious challenges for China’s economy and society in the coming years. The population aged 15 to 64 peaked in 2013, and the ratio of children and elderly to working-age Chinese began rising in 2011. China’s pension system is severely underfunded given the payouts due to the coming wave of retirees. 

Baby Boom Ponzi Scheme

The latest Chinese proposal is nothing more than a baby boom Ponzi scheme. Too many people are already fighting over scares recourse, unaffordable housing, food, and energy resources.

All of a sudden, China now wants more people when it cannot find work for those already alive.

How else does one describe this other than a Ponzi scheme? Unfortunately, it’s not just China involved in this madness. Forces in the US and Germany want more immigrants and population growth to deal with similar demographic issues.

Mike “Mish” Shedlock

China’s Population Poised to Crash in Perfect Demographic Storm

Those who still have not gotten the message that China’s expected growth rate of 7% is not going to happen are advised to consider the viewpoints of Nicholas Eberstadt who studies demographics for the American Enterprise Institute.

Baby Bust Continues: Births Lowest in 32 Years as Fertility Rate Hits Record Low

The number of babies born in the US has declined in 10 of the last 11 years as the fertility rate slumps.

Pension Ponzi Bailout: Democrats Sponsor US Treasury Bailout Scheme

Most defined benefit pension plans are nothing but Ponzi schemes. Plans are now unraveling because of demographics. An increasing number of retirees, needing untenable returns, are supported by fewer and fewer people putting money in the system. Democrats sponsored a bailout scheme. Will it pass?

Tech Boom Downside: Not Enough Jobs?

The Wall Street Journal says there is a “great unraveling” to America’s Dazzling Tech Boom: Not Enough Jobs. Let’s investigate.

Buy the FAANGS Baby! Slow Torture?

Here an amusing MarketWatch Opinion: Now that FAANG stocks are crashing, which are undervalued?

Baby Bust: US Fertility Rate Unexpectedly Drops to Lowest on Record

Economists figured the recovery would bring about increased confidence and a rise in the birth rate.

Miami Condo Boom Ends: Sellers Find Few Buyers, Inventory Soars

Thanks to cheap money and an influx of foreign buyers, Florida had its second condo boom in a decade.

LBO Boom Over – Ontario Teacher’s Pension Plan Off The Hook

In the summer of 2007, the Ontario Teachers’ Pension Plan agreed to buy BCE (a phone company) for an absurd price of C$52 billion ($42 billion). The deal was supposed to close December 11. Now the deal appears to be falling through over solvency issues.

Bitcoin vs Dollars: Which One is a Fraud? Which One is a Ponzi Scheme?

Jamie Dimon, JP Morgan CEO, made quite a headline splash last week when he proclaimed “Bitcoin ‘is a Fraud“.