We had a panel at SIC with Patrick Cox and leaders of three of the biotechnology companies he follows. What they’re working on, from different angles, is almost unbelievable. It is entirely possible that we will see cancer wiped out in the next five years. Scientists are making huge strides with heart disease, dementia, spinal cord injuries, and the other great enemies of life and health. One by one, the dominoes are falling. Other companies we know about are working on the “Fountain of Middle Age,” whereby they intend to either delay or semi-reverse the aging process. It won’t take you back to your youth, but for many of us 50 years old sounds pretty good.
And there are groups like Mike West’s at BioTime, Inc., that are working on technologies like induced tissue regeneration (ITR), which will literally turn back your cellular clock. This was science fiction and a pipette dream 10 years ago. Today it is simply science, and it’s coming out of the theoretical stage and the petri dish and moving further up the experimental lab chain....
...simply saving more money probably isn’t an answer, either. Interest rates are a function of supply and demand. You can’t invest your savings in a high-yield bond unless someone out there can borrow at that same yield. When so many of us want to lend and no new borrowers appear, supply and demand will keep yields low. We already see this in today’s near-ZIRP conditions, and they may not improve much....
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