Bank of America-Merrill Lynch released a brief paper titled "A Transforming World."
To demonstrate the kinds of themes it is looking at, the firm provided the following 15 crazy facts:
- In the next 10 days, 112,000 people in the US, Europe and Japan will reach the retirement age of 65.
- In each of the last three years, sales of adult diapers in Japan have exceeded sales of baby diapers.
- In the next 40 years, the world will run out of oil.
- Today, 768 million people across the globe lack access to clean drinking water, and 2.5 billion people have no access to proper sanitation.
- And, there are 1.6 billion overweight people in the world versus 900 million undernourished people.
- 56% of the world economy is currently being supported by official policies of zero interest rates.
- In the next 10 seconds, the US national debt will have risen by $322,000.
- In the last 10 years, the number of industrial robots is up 72%, while the number of US manufacturing jobs is down 16%.
- In the next nine minutes, you would become a millionaire if you were given a nickel ($0.05) for every Google search.
- And by 2023, the average $1,000 laptop will be able to communicate at the speed of the human brain (and 25 years later, at the rate of the entire human race).
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