A Saturday Essay by N. Ferguson in the WSJ on how America lost its way. This essay is an adaptation from his new book "The Great American Degeneration:....".
The bottom line? It has become too difficult to do business in the US. Reason? Too many regulations. Too much time and costs spent to satisfy the increasingly large number of guidelines coming out of Washington. All this is putting us at a disadvantage and hindering our productivity growth.
It supports the view I have been discussing for some time. On why our productivity growth is less than 1% when it should be close to 2%-3%. Printing money will not solve the problem. And we should not be surprised the dollar is weak.
George Dagnino, PhD Editor,
The Peter Dag Portfolio.
2009 Market Timer of the Year by Timer Digest
Disclaimer.The content on this site is provided as general information only and should not be taken as investment advice nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
STRATEGIC INVESTING FOR UNCERTAIN TIMES.
Learn how to manage your portfolio risk and sleep comfortably. Improve the certainty of returns by taking advantage of business cycle trends. Learn to use simple hedging strategies to minimize the volatility of your portfolio and protect it from downside losses.
You will receive your user id to access 4 FREE issues – and all the previous ones - of The Peter Dag Portfolio. Email your request to firstname.lastname@example.org. New subscribers, please.
FOLLOW ME ON TWITTER @GEORGEDAGNINO FOR MY LATEST VIEWS.