US Nonfinancial Debt Rises 3.5 Times Higher than GDP

(Before It's News)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

mauldineconomics.com / BY JOHN MAULDIN / APRIL 18, 2016

You often hear me harping on the dangers of too much debt, and I keep my eyes peeled for significant work that backs up my concerns.

In my recent Outside the Box, good friend Dr. Lacy Hunt of Hoisington Investment Management gave us more ammunition to take on those who just don’t seem to get that the endless piling up of debt is not a sustainable way to run an economy.

The most striking feature of the US economy’s performance in 2015, according to Lacy, was a massive advance in nonfinancial debt that kept the economy stuck in the doldrums of subpar growth.

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Thanks to BrotherJohnF

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