Dr. Kotlikoff calculates the National Debt at $240 trillion in total US debt / financial obligations, about 12 times the annual domestic GDP.
Professor Laurence Kotlikoff, from Kotlikoff.net and author of the FREE book: You're Hired! created a new program to assist investors with retirement via a scientific method, MAXIFI rated and efficient personal-financial planning software that identifies the best portfolio melange for optimal expected returns and living standards, via a proprietary algorithm running 500 Monte Carlo simulations per client over a 70 year period using their utility function. Dr. Kotlikoff shares his unique perspective on the 2008-2009 Great Recession, noting the situation was panic fomented by short-sellers who says benefited financially from sharp market price declines via heavy financial leverage and speculative financial products. He suggests building a fail-proof financial system, curtailing leverage to nearly zero while implementing a mutual-fund based investment system that protects investors from individual security risk, spreading the probability of total loss among diverse asset classes. Dr. Kotlikoff suggests that Senator, Professor Elizabeth Warren champion this economic proposal, given her research efforts to protect investors from similar financial crises. Plus, our guest calculates the National Debt at $240 trillion in total US debt / financial obligations, about 12 times the annual domestic GDP.
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.