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Ex-Bridgewater Investment Chief Sees 10 More Years Of US Equity Dominance
Every few years, a new cohort of investors stumbles across recycled narratives touting the end of US exceptionalism in both the political and economic contexts.
Some such narratives have merit, but in the age of social media-enabled disinformation, geopolitical propaganda masquerading as macro analysis crowds out real debate, leaving the masses stranded in a contentious, churning ocean of ulterior motives, half-truths and schadenfreude. "The sea was angry that day, my friends." And every other
Ok, but I think the expert misses the real impact of the changes to which she refers. A few stocks may have been boosted after Ike’s interstate system founding but it actually took more than 25 years to finish connecting all the SMSAs, of which Waterloo/Cedar Falls, IA was the very last. When I-380 was finished the system was declared complete. Check on the real impact of this program. Access to the country by the interstate system led to many trillions in economic development, unimaginable in 1956. Starting about the same time a steady stream of wars, the Korean War, the Vietnam War, the cold war, two expensive wars in Iraq, and the huge waste of life and cash in Afghanistan have floated dozens of defense stocks and supporting industries for decades, resulting in what Ike himself referred to as the Military-Industrial Complex. Still around. This year and the next our defense budget will top $850 billion, way more than twice the total GDP from the mid 1960s.