CNBC’s Rick Santelli Spoke with Lacy Hunt of Hoisington Investment Management. Mr. Hunt breaks down ratios between debt and growth in the US and how it has become a game of diminishing returns. Noting that last year the US ‘added $1.9 trillion in new debt but only added $500 billion in GDP,” Mr. hunt goes on to describe how the vast majority of new debt is going towards financial engineer and not capital investment, a theme often discussed here at The Sounding Line.
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