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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GST who wrote (56664)3/23/2006 7:11:57 PM
From: arun gera  Read Replies (1) of 110194
 
>Education, a spirit of entrepreneurship and hard work, along with a dose of intelligence and creativity - those are the tickets to future prosperity. Merely being born in America counts for little or nothing.>

Education - On a percentage and absolute number basis America is still ahead.

Spirit of Entrepreneurship - Still alive and kicking in America. However, I am surprised at how fast it is developing in India.

Hard Work - Americans work as hard and as smart as Indians and Chinese on the average. In terms of effective use of their time, Americans are still ahead.

Intelligence and creativity - No one has a monopoly on that.

Being in America helps too. Just walk to a Barnes and Noble or a Public Library and you have so many resources. So, at any point if the US worker faces competition, he can quickly catch up.

-Arun
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