A Giant Reborn is Belgian economist Johan Van Overtveldt's vigorous rejection that the American political and economic heyday has ended. The United States is poised to profit from the accelerated pace of change that he calls turbochange. Turbochange feeds on a combination of growth in human capital and knowledge, the entrepreneurial spirit, and globalism. Entrepreneurship and openness to change have characterized American culture since its beginning and propelled repeated comebacks from economic disaster throughout U.S. history. A strong rule of law, a widespread commitment to a free market, the cultural icon of the frontier, and openness to immigrants mark the U.S. as unique and place it as the frontrunner for dominance in the 21st century.
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Showing posts with label great recession. Show all posts
Showing posts with label great recession. Show all posts
Friday, September 9, 2016
Friday, March 13, 2015
New Summary Available for The Ten Trillion Dollar Gamble
The U.S. budget deficit represents a major risk to the health of the American economy. In fiscal year 2010, the deficit was around $1.3 trillion. Experts believe that by 2020 the national debt will more than double from these levels. In all likelihood, tax rates, inflation, and interest rates will increase. In light of these developments, investors must reexamine their strategies and develop new plans for taking advantage of the new economic environment. In The Ten Trillion Dollar Gamble, Russ Koesterich offers advice on how individuals can adjust their investment portfolios to protect their financial well-being.
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