Demographics-driven Recession

Kyle Smith, writes for the New York Post about the gloomy economic predictions of Harry S. Dent, Jr., Wall Street market analyst and author of "The Demographic Cliff: How to Survive and Prosper During the Great Deflation of 2014-2019." Smith summarizes Dent's views thus:

Dent is saying: Don’t blame politicians, the decline of manufacturing, education or cheap foreign imports for the economic stagnation that has already begun and will continue for many years. Blame your parents and grandparents for losing interest in having children back in the Sixties.

Dent sees the U.S. following Japan's path of two decades ago, when their demographics-shackled economy went south and stayed there.