Sunday, June 9, 2013

Is the US Losing its Competitiveness? The Evidence is Troubling.....

The following tweet from the WSJ links to an article in the Weekend edition written by the historian, economist and Harvard professor, Niall Ferguson.  Regardless of which side of the economic debate one takes on issues of fiscal and monetary policy, and in turn, whether you agree w/his views on these issues or not, his comments on how the US is losing competitiveness vs our global competitors are very noteworthy!

Sadly, it's not "news", since several studies in recent years have highlighted US shortcomings in many areas of business and academic accomplishments vs other countries around the globe.   His focus, however, on regulation, taxation, litigation and other issues pertaining to starting and succeeding in business in this country, is particularly relevant to our investment process and ultimate asset selections for the portfolio.

How companies maximize operating leverage, by keeping costs controlled and efficiencies robust, is key, as is how they diversify globally to expand market share and seize opportunities in new business frontiers.

Enjoy the read!

p.s.:  if you have anything polite to say about the class action suit vs Southwest Airlines, please share....politely please.....

It is getting harder to do business in the U.S., argues top historian. Why entrepreneurship has faltered: 

(Please note: This article is solely meant to be thought provoking and is not in any way meant to be personal investment advice. Each investor is obligated to opine and decide for themselves as to the appropriateness of anything said in this article to their unique financial profile, risk tolerances and portfolio goals).
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1 comment:

  1. Did you see today's NFIB small business index? The headline number was good and there was a 10-point jump in the "expect economy to imrove" category...BUT...that category is still NEGATIVE! Here's a quote from MarketWatch's note on this number: When asked the top business problem, 24% cited taxes, 23% said regulations and red tape, 16% said weak sales and 2% said financing or access to credit.