
Keith Ricketts
22dUS debt is a 'noose' around the economy and makes a strong case for moving money to safer markets, veteran strategist says
markets.businessinsider.com
The US economy is being strangled by its growing debt, prompting strategist Lyle Stein to advocate for moving assets to safer markets.
High interest rates relative to economic growth pose a risk, with the US debt burden projected to reach 124% of GDP by year-end.
Rising spending and interest expenses can weaken the dollar and encourage investors to seek refuge in other countries.
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