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Michael Kao: Disinflationary productivity-led growth needed to address deficit challenges

Michael Kao: Disinflationary productivity-led growth needed to address deficit challenges
Productivity growth key for deficit fix

Michael Kao, CIO at Akadia Capital, emphasizes the importance of disinflationary productivity-led growth as the primary solution to address the U.S. deficit.

He warns that without such growth, the economy risks continued reliance on rising fiscal spending and monetary policies to offset the effects.

Kao has previously reviewed China's economic imbalances and ongoing mercantilist policies. He has also explained how trends in stressed capital structures can lead to significant value swings in fulcrum securities. These topics reflect his ongoing focus on global macroeconomic and credit market dynamics.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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