Too much Debt impairs Government's Ability to Deliver Essential Services
Economy Recovery is Impaired by debt
ATLANTA, June 1, 2012 /PRNewswire-iReach/ -- The recovery of the US economy is limited when too much debt "impairs the Government's ability to delivery essential services to its citizens." Such will be the theme of the annual meeting of the CFA Society of Atlanta at 103 West Restaurant on West Paces Ferry Road in Atlanta, Georgia on Wednesday, June 6, 2012, at approximately 6:30 PM.
The CFA Society of Atlanta is one of the larger societies in the CFA Institute which has 100,000 members world wide. CFA stands for Chartered Financial Analyst.
Membership is granted only to applicants who pass over a 3 year period 3 separate examinations which have a high failure rate.
The speaker on June 6, 2012 will be Dr. Lacy Hunt, Executive Vice President of the Hoisington Investment Management Company in Austin, Texas. He has been forward thinking in the past decade as his investment strategy produced a total returns of 41.23% in 2011, 12.8% per annum over 5 years and 10.15% over 10 years. His work is based on the work of 20th century economist Irving Fisher. For some time, this economic model was viewed as "fringe," but now it is "on the cutting edge" with outstanding performance.
Dr. Hunt will show how problems related to household balance sheets and house prices are the primary culprits of the weak economic recovery. He will cite work by Kenneth Rogoff and Carmen Reinhart who found that "when a country's gross government debt rises above 90% of GDP, the median growth rates fall by one percent and average growth falls considerably more."
Space is tight and limited to 2 or 3 members of the Press available on a first come first served basis by calling 706-255-9469 (Tom Wilkins, CFA) or emailing: Jekylladvisers@charter.net. For more information, go to: http://cfa-atlanta.org/meetinginfo.php?id=124&ts=1338299773
Media Contact: Thomas Wilkins CFA Society of Atlanta, 7062559469, email@example.com
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