In this blog and in The Peter Dag Portfolio I always, and I mean always, made the point that a country shows sluggish growth when there is too much concentration of power (read: low economic freedom).
Today's Barron's says, and I quote :" Research has shown that a national economic performance is strongly influenced by the degree of economic freedom. ....Frasier Institute has found that the noticeable decline in economic freedom in the US from 2008 to 2009 was confirmed by a further ticking down in 2010 - an acceleration of a long slide that began in 2009"
Markets always win. There is no redistribution of wealth if wealth is not created in the first place. That we like it or not!
George Dagnino, PhD Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager
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