Quarterly Insights image

Each quarter Hoisington Management creates a quarterly update. This quarter's update was very thought provoking so we thought we'd share it with our readers. I've included a link to their update below and provided some bullet points that I found most interesting. Enjoy! Q3 Highlights: U.S. government debt now stands at 103% of GDP. If private debt is included, the ratio climbs to about 370% of GDP. Scholarly studies indicate that real per capita GDP growth should slow by about one-quarter to one-third from the long-run trend when the total debt-to-GDP ratio rises into the range between 250% and 275%. Since surpassing this level in the late 1990s, real per capita GDP has grown just 1% per annum, much less than the 1.9% ...
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