America Decline is an opinion formed by extrapolating the past bad new forward and is not necessarily so. Ritholtz |

 This video is worth watching and listening to, if you need a lift from all the gloom and doom in the financial news.  It is easy to get optimistic after spending time with young entrepreneurs and all the Blue Sky predictions they make.  Maybe he is more optimistic than economic reality would suggest he should be.  Where is the growth in the ECONOMY AND THE JOB CREATION needed to get the mainstream of Americans back to work and wanting to spend again?

America Is So Not In Decline: Ritholtz | Daily Ticker - Yahoo! Finance

 
After five years of financial crisis followed by economic frustration, many Americans are starting to believe that the country's best years are behind it and that we're starting a long, slow decline.

Balderdash, says Barry Ritholtz, the writer of the Big Picture and a fund manager at Fusion IQ.

It's true that America's in the middle of a stagnant economic decade, Ritholtz says, and the lousy growth will probably continue for the next 5 years. That's how long it takes countries to work through the aftermath of a debt-binge and financial crisis like the one we just had. And the U.S. isn't going to find a miracle cure, no matter what the politicians say. (he seems to be contradicting himself here?  Where's the optimism in that...?)

But longer term, America's still in great shape, Ritholtz says.

Unlike Japan, which has wallowed in economic misery for more than two decades since its own real-estate bubble burst, the U.S. economy is still the most dynamic and innovative in the world.

If you want a vivid demonstration of that, Ritholtz says, just visit Silicon Valley, which is leading the world in tech innovation.

Ritholtz just returned from one of the dozens of tech conferences each year that feature hot tech start-ups, and he says he was very impressed by what he saw. (He sounds like he is in the ether and may be giddy and in a few days, he will get back down to earth.)


Source:
 http://finance.yahoo.com/blogs/daily-ticker/america-not-decline-ritholtz-122217030.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+DailyTickerRss+%28Yahoo!+Finance%3A+The+Daily+Ticker%29