In the latest episode of Amplified Wealth: According to Plan, the team sits down with Kevin Kang, Vanguard’s Senior International Economist, to explore the key forces shaping the economy and financial markets over the next decade.
Backed by over 100 years of historical data, Kevin and his team analyzed the "megatrends" likely to drive future GDP growth — and the risks that could drag it down.
Episode Highlights:
📈 The 5 Megatrends Shaping the Economy:
From technological innovation to rising government debt, discover the five long-term forces likely to impact your portfolio.
🧠 Why Productivity is King:
Learn why AI-powered productivity may be the single most important trend — and how it stacks up against structural deficits.
🧓 Debunking Demographics:
An aging population may not be the inflationary threat we once thought. Kevin explains why the Fed’s role is far more important.
🌍 Globalization & Inflation:
Did trade and labor supply really tame inflation? The data might surprise you.
💼 Investment Implications:
Find out why tilting toward value stocks and holding high-quality bonds could make sense — regardless of which future unfolds.
This wide-ranging conversation is packed with insight into what really drives markets over time — and how investors can prepare.
Timestamps:
0:00 – Cold open & fashion megatrends
2:22 – Introducing Kevin Khang and his role at Vanguard
9:51 – Vanguard's Megatrends white paper and upcoming book
16:25 – The 5 Megatrends that drive the economy
23:04 – Globalization, demographics, and inflation
27:36 – Not all deficits are counterproductive
32:14 – US debt projection as America ages
39:35 – Historical general purpose technologies and productivity growth
53:21 – Vanguard's stance on AI stocks, megatrends, fixed-income, and long-term investing
1:04:51 – What if AI fails?
1:11:34 – DOGE’s impact on structural deficit headwind and closing
Read Vanguard's Megatrends White Paper: https://bit.ly/42yI3z7
Nothing contained in this presentation should be construed as personalized advice, or solicitation to buy or sell any securities. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. There can be no assurance that the future performance of any specific investment or non-investment related content in this Podcast will be profitable or suitable for your individual situation. Due to changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions. The opinions expressed in this podcast are those of the participants and may not reflect those of the firm. To the extent you have any questions regarding the applicability of anything discussed to your individual situation, you are encouraged to consult with the professional advisor of your choosing. The firm is neither a law firm, nor a certified public accounting firm, and no portion of this content should be construed as legal or accounting advice.
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