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Economy

Babies and banks

By Timothy P. Carney
Published
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Babies and banks

Wall Street is starting to worry about the birth dearth.

“It’s a slow death,” warned Joe Quinlan from his perch at Bank of America and Merrill Lynch’s chief investment office. Quinlan, the head of market strategy, put out a paper in June on The Global Baby Bust and Market Implications.

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Bank of America Demographics Family