October 16, 2026By Scott B. MacDonald, Ph.D.Chief Economist Demographics, Higher Education, and Future Economic Paths: It was H.G. Wells, author of The Time Machine and War of the Worlds, who stated, “History is a race between education and catastrophe.” In the early part of the 21st century his words have considerable resonance. Much of what is guiding the AI, bioengineering, and space revolutions rests on the foundation of a well-educated and trained work force. Demands for people with education and training in the broad realm of STEM (science, technology, engineering and math) as well as medicine are only going to increase. Higher education has a major role to play in this, but many US institutions currently are struggling to meet these demands. Compounding this challenge is a coming demographic cliff that will reduce enrollments. This has economic, political and social ramifications. The US is the world’s third most populous country,...
Inflation, Elections, and Busy Geopolitics
October 16, 2026
October 16, 2026By Scott B. MacDonald, Ph.D.Chief Economist Summary: To put it mildly, times are challenging. Inflation is up, voter moods are ugly, and the geopolitical landscape is increasingly more daunting. Volatility for markets is coming from many directions –…...
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