$1.50: Amount spent by the US government for every $1 inflow
Overall world growth isn't a problem: for example emerging economies are driving growth. The trouble is in the developed markets, such as the United States, and specifically debt. In the US, debt-to-GDP ran up to 370%, and now we're dealing with the ramifications. The US government has borrowed and spent a lot of money to stimulate the economy. A household running its income statement like the US government would be spending $1.50 for every $1.00 taken in.
Sustainable? Not exactly.
Read more in Taking Stock: Market Views from the Go-Anywhere Team.
Source: BlackRock, November 2012
Prepared by BlackRock
Delivered courtesy Joel W. Grams, CRPC®, CLTC,
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