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HOUSE_OVERSIGHT_014532 - HOUSE_OVERSIGHT_014621
nt-elect Trump. For all practical purposes, the “hangover” may now be over. Secular Stagnation: Unfavorable Demographics As we discussed in our 2016 Outlook: The Last Innings, the term “secular stagnation” was first coined by economist and Harvard professor Alvin Hansen in 1934 and fully described in his presidenti
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Donald Trump
PersonPresident of the United States (2017–2021, 2025–present)

George W. Bush
PersonPresident of the United States from 2001 to 2009
Marc Rich
PersonAmerican commodities trader (1934–2013)

Henry Kissinger
PersonAmerican politician and diplomat (1923–2023)

John F. Kennedy
PersonPresident of the United States from 1961 to 1963 (1917–1963)

United States
LocationCountry located primarily in North America
Doug Band
PersonAmerican presidential advisor
the Hong Kong Securities and Futures Commission
Organizationthe Dubai Financial Services Authority
Organization
Seoul
LocationCapital and largest city of South Korea

United Kingdom
LocationCountry in north-west Europe

Australia
LocationCountry in Oceania

Frankfurt
LocationCity in Hesse, Germany

Wall Street
OrganizationStreet in Manhattan, New York, USA

Philadelphia
Location1993 film by Jonathan Demme

Anne Hathaway
PersonAmerican actress (born 1982)

Rupert Murdoch
PersonAustralian-American business magnate (born 1931)

Warren Buffett
PersonAmerican investor, entrepreneur and businessman

Milan
LocationItalian commune and capital city of Lombardy

Eastern Europe
LocationEastern part of Europe