Briefing #208 “Electricity Demand and AI” (Apr. 2, 2024)

Timestamps:  00:00 Introduction to the wealth disparity issue.  0:23 The significant increase in US household net worth.  1:03 The role of quantitative easing in asset value stimulation.  1:28 Distribution of net worth among different wealth percentiles.  3:00 Asset allocation differences between wealth groups.  3:23 Evolution of household balance sheets over seven decades.  4:01 The decline in liability ratio from 2010 to 2019.  4:45 The misleading nature of aggregate net worth data.  6:03 The disparity in asset growth between younger and older generations.  8:02 The changing attitudes of younger generations towards equity ownership.  10:01 The potential return to defined benefit pension plans.  12:07 The impact of AI on productivity and wealth concentration.  16:57 The shift in asset allocation preferences among younger generations.  20:03 - The potential political implications of AI-driven job displacement.