Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

The real reasons why the US Economy can't reach Escape Velocity

Livewire News

Livewire

The real reasons why the US Economy can't reach Escape Velocity. David Rosenberg, Chief Economist at Gluskin Sheff says the scars of the GFC have not yet healed and there are two impediments to attaining escape velocity. 1) Debt burdens globally are still far too high. World debt outstanding now amounts to about US$92-trillion or 125% of global GDP, about the same as it was back in late 2007. There is a plethora of scholarly research showing that anything over 90% on debt to GDP acts as a pervasive constraint on economic activity. 2) Demographics and insufficient baby boomer retirement savings. A recent poll showed that 14% of Americans 65 years of age and up have no retirement savings at all; 26% of those between 50 and 64 have no savings to speak of. The problem is not one of job creation or income. What is lacking is spending. (VIEW LINK)


Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.