For every dollar of GDP, there is $3.49 of debt
For every dollar of GDP, there is $3.49 of debt
By BILL GREINER
Chief investment officer, UMB Asset Management
First and foremost, we believe that too much debt currently exists in the U.S. economy.
As compared to the Gross Domestic Product, the total debt picture within the U.S. is 349 percent. In other words, for every dollar of GDP, there exists $3.49 of debt. Other countries are much less leveraged than we are.
As another background point, investment banking operations have historically been the core business of the brokerage houses. In the last few years, with the proliferation of debt within the economy, these firms have focused more of their time and capital on trading their own “book” instead of spending time and energy on the investment banking business. These firms have become much more reliant on their book profitability than their core business — investment banking.
At this stage, enter the hedge fund managers. Hedge fund investment strategies vary all over the map.
more here:
For every dollar of GDP, there is $3.49 of debt
For every dollar of GDP, there is $3.49 of debt
By BILL GREINER
Chief investment officer, UMB Asset Management
First and foremost, we believe that too much debt currently exists in the U.S. economy.
As compared to the Gross Domestic Product, the total debt picture within the U.S. is 349 percent. In other words, for every dollar of GDP, there exists $3.49 of debt. Other countries are much less leveraged than we are.
As another background point, investment banking operations have historically been the core business of the brokerage houses. In the last few years, with the proliferation of debt within the economy, these firms have focused more of their time and capital on trading their own “book” instead of spending time and energy on the investment banking business. These firms have become much more reliant on their book profitability than their core business — investment banking.
At this stage, enter the hedge fund managers. Hedge fund investment strategies vary all over the map.
more here:
For every dollar of GDP, there is $3.49 of debt