Deutsche Bank analysts reflect on the first quarter of the 21st century and highlight the changes in technology and economic trends.
US debt-to-GDP ratio is now above 100% with annual deficits projected to reach 160% by 2050.
US equities recorded a 4.9% return above inflation in the past 25 years, despite the rise of tech superstars.
Deutsche Bank believes that artificial intelligence (AI) is the great hope for investors in the next quarter century, considering the impact of debt and demographics on productivity growth.