By Kim Iskyan
As the winners and losers of the post-pandemic world shake out, America is having a terrible crisis.
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I’m reminded of late-career American football quarterback Peyton Manning, who won a Super Bowl even though he could barely throw a ball. (More on him in a minute.) No, America isn’t in its prime any longer... But it can still win. And not necessarily because of anything that it’s done well... Rather, because no one else is doing much better – and because the U.S. has such a head start...
It’s difficult to get past 100,000 (and counting) dead Americans from COVID-19, and the sharpest economic contraction since the Great Depression, and think otherwise. The underlying rot that got us here has been festering for some time. You’ll recognize the familiar narrative... The U.S. has long been in slow decline, burdened by debt, toxic politics, a lazy and spoiled population that’s long lost its edge, a crumbling infrastructure, and an obsession with brainless minutiae. The election of President Donald Trump destroyed what was left of American credibility and leadership on the global stage. And then came the coronavirus, along with nosebleed levels of incompetence on the world stage. Of course, that sort of easy narrative is often wrong... especially if you’re an investor and looking forward. So today, I want to share how, despite all the criticism, America might well wind up ahead of the rest of the world on the global post- pandemic geopolitical and economic stage.
American Consequences
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