Saint Peter II

Has Investing in America Become Passe?

it's the environment, that is the changed global economic environment that controls the fate of national economies and this environment augers against a return to previous prosperity for the large majority of Americans. Things will never be the same as America refuses to address long term and expensive social issues that leave so many potential contributors to the common welfare on the side lines. This with the cost of a crippling federal bureaucracy that Americans work 5.5 months a year to support has made recovery to previously levels of prosperity unlikely. Wanton with our patrimony and careless with future realities America will not resume its prior economic dominance, not to say we will be a nation of beggars, unless our debtors call in the loans and they can't afford to at present.