> technology has a way of moving forward at a remarkably consistent rate For centuries the general pattern has been improving technology, followed by better nu

> technology has a way of moving forward at a remarkably consistent rate For centuries the general pattern has been improving technology, followed by better nutrition and healthcare, followed by greater populations and productivity, followed by greater capital to invest in technology and on and on. Over more recent decades this was put into hyperdrive with the boomer population bubble in the west spurring massive consumption and then massive capital investment, and as developing nations tapped into global trade this lead to a massive rise in the standards of living and cheap mass manufacturing. However the meteoric industrialization of developing nations has lead to record drops in fertility and so the likes of China are already reaching hyper-aging. We may have already hit peak global population or will soon as hyper-aged communities start to predominate around the globe and increased death rates follow. Better technology can't induce increased consumption in the aged right when we have fewer younger people to develop and less capital to fund that development. TLDR: that seems like a recipe for less technological development, lower GDP, and therefore possibly a decades long depression in stock prices.