In the Financial Times, investment strategist, Byron Wien argues that despite many assests, America’s decline will not easily be reversed.
America’s decline has been a long time in coming and will not be reversed quickly, if it can be reversed at all. To do so will require exceptional leadership from the next president, since some aspects of life in the US may get worse before they get better …Last year I gave a talk about America having reached its economic peak. I pointed out that England peaked in 1912 and life in the UK was still quite pleasant so I was not too worried about my own country having begun a gradual decline. At the end, a young man approached the podium. He told me he had been reading my work for two decades. I thanked him and then he said: “One thing you should probably know is that Holland peaked in 1617 and life over there is still pretty good also.”