Lacy Hunt: “No Increase in Standard of Living Since 1997”
There’s a belief among certain economists – and the wider population – that if the government takes a more active role in the economy, the social outcome can be improved. Dr. Lacy Hunt, executive VP of Hoisington Investment Management Company (HIMCO), says it’s a false belief… and he has proof to back it up. An unprecedented buildup of debt, he shows, can only lead to one outcome: a drop in Americans’ standard of living.
In fact, living standards have been hitting lower highs and lower lows since the 1950s…and we only have record high debt levels to show for it.
Many investors are so shell-shocked by the ongoing government meddling, cronyism and financial scandals that they have turned to “investments” with negative real interest rates. You can do much better than that – even in times of crisis. Listen to Lacy Hunt and 27 other renowned experts to find out where the opportunities lie in today’s politicized economy. Click for more details.