Investment Categories in a High Debt-to-GDP World: A Fiscal Dominance Framework
We are entering a new era of investing where the previous advice and strategies will no longer apply. The United States Debt-to-GDP is around 125%, meaning that the US owes about $1.25 for every $1 the economy produces. Income is not keeping up with expenses. Because of this, investment strategies like the Boglehead portfolio, 60/40…