Already have an account? log in
This article is FREE for you
Create a free account and join institutional investors, analysts and strategists from the world's largest banks
By submitting your email address you agree to receive communication by email
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
OR, subscribe now for unlimited access
By submitting your email address you agree to receive communication by email
By submitting your email address you agree to receive communication by email
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.