http://astfinance.wpengine.com/wp-content/uploads/2016/11/annuitystraighttalk_onwhite_Small.png 0 0 Bryan Anderson http://astfinance.wpengine.com/wp-content/uploads/2016/11/annuitystraighttalk_onwhite_Small.png Bryan Anderson2011-10-31 16:11:362013-05-13 15:40:57Why I'm Bullish On America!
In recent years, people let fear dictate their financial management decisions. Much of the news today is filled with stories of crisis after crisis. Any rational person should hesitate when making a financial decision that holds significant implications over the next several years or even decades.
But this week I’d like to take a break from the bad news and financial despair to share a little information that will give a reason to be positive about the future of our economy. So instead of talking about how America is in decline and what dismal implications that has for our lifestyle going forward, I’m going to share with you several reasons why America is and will continue to be the greatest nation on earth for years to come.
Let’s go back to early August of this year when the US congress was scrambling to raise the nation’s debt ceiling so we wouldn’t default on our financial obligations. In the days following that ‘crisis’ Carl Delfeld of InvestmentU.com gave us the following reasons to be not just positive but downright excited about America’s future.
- America is still the leading manufacturer in the world, with 22 percent of global manufacturing primarily in advanced, capital intensive manufacturing. American manufacturing workers are eight times more productive than Chinese workers.
- The American economy is still three times the size of China’s, even though its population is about one-fifth its size.
- The market values of Exxon and Apple alone are greater than the market value of the entire Shanghai stock market. America’s multinationals are dominant, representing 47 of the world’s 100 largest companies by market value. Meanwhile, 15 of China’s 20 largest companies are owned and run by the Chinese state.
- America is the world’s third-largest exporter (just a hair behind China and Germany) and its upside potential is enormous. Only two percent of America’s small- and medium-sized businesses export at all right now. About two-thirds of our trade deficit is due to Chinese and energy imports.
- America remains the world’s agricultural king, accounting for 20 percent of global trade. It has twice the arable land of China (25 percent desert) and its farms are the most productive in the world. By contrast, in India 60 percent of people are in agriculture, but the sector accounts for only 15 percent of GDP. About 40 percent of India’s crops spoil on the way to market due to poor infrastructure.
- The United States has 28 percent of the world’s coal reserves and Louisiana alone has four times the proven natural gas reserves of China. The United States has twice the fresh water of China, while China’s annual carbon emissions are already twice that of America.
- America is still the No. 1 destination of foreign direct investment. On a cumulative basis, it has four times that of the U.K. and six times that of China.
- America continues to play its role as a global talent magnet. Fifty-two CEOs of S&P 500 companies and 72 CEOs of Inc. 500 companies are foreign born. About 30 percent of Silicon Valley start-ups were founded by immigrants. Let’s keep it going.
Put plainly and simply, this is a great country! It has allowed us all to chase our full potential without restraint. Do we have challenges to overcome? Absolutely, but that’s no reason to abandon the principles that got us to this point. As you approach retirement put your faith in those same principles and I promise you will not be disappointed. Read Carl Delfeld's post here.
Thank you for your continued loyalty and have a great week!
Bryan J. Anderson