read Guilder's "Wealth and Poverty" and invest in US tech stocks
Written many years ago, once again, George lays out the future, and we watch it unfold.
We all owe a great debt of gratitude to Ronald Wilson Reagan, who was the right man, at the right time, and who is largely responsible for creating the conditions that have led to the great 17 year bull market we've experienced since '82.
American companies are kicking butt all over the world, the dollar is strong-giving us greater buying power-,we're the early adopters of net-based technology, and the rest of the world will be compelled to follow.
Remember when Americans were afraid that the Japanese would surpass us?
How times can change.
We have the best system in the world. I would be worried if the Chinese had our free-market, democratic system; but it seems as if the rest of the world doesn't get it.
The Europeans are saddled with repressive social safety net schemes and outrageous taxes (not to mention chronic 10% or more unemployment), the Japanese will not open their markets, and the Chinese are largely a state controlled economy. (The Chinese have a long history of being shrewd capatalists, but they need to throw off the yoke of a centrally planned economy to challenge the US.)
So, my money stays on USA technology/communications companies. |
