What were once US-centric assessments of Netflix’s business approaching a ceiling are spreading around the globe like wildfire – even with the much-anticipated ad-supported bun in the oven (which, by the way, has been kicked down the road into early 2023 as Faultline correctly predicted). While macroeconomic trends are an unassailable factor in sustained subscriber losses, the elephant in the room is Netflix’s demographic disaster. Sentences of subscriber saturation are not just the usual bout of reactionary headlines following another slightly under-par performance on home soil. This time around, following the release of Netflix’s second quarter results, analysts are scrambling to recalibrate projections that had years’ worth of subscriber growth left on the Netflix runway. The reality of Q2 2022…