US debt is a 'noose' around the economy and makes a strong case for moving money to safer markets, veteran strategist says

• The US economy is in a noose created by its growing pile of debt, according to Lyle Stein.
• The veteran strategist pointed to rapid spending and growing interest costs on the US debt.
• That could weaken the dollar and incentivize investors to move money out of the country, he warned.

The US's growing debt mountain has the economy in a chokehold – and it makes a strong case for investors to move their money somewhere else, according to veteran market strategist Lyle Stein.