OP's primary argument is well established: demographics. Sure, the decline in demographics is well established, but why does that lead to a crash? A decline su

OP's primary argument is well established: demographics. Sure, the decline in demographics is well established, but why does that lead to a crash? A decline sure, neutral or negative growth maybe, but a crash? Crashes usually happen due to catastrophic events (wars, bubbles popping, oh look our finance sector is built on a house of cards). I don't quite see from that article why this is a crash and burn situation, especially in places like Australia who have ready immigration to boost demographic trends.