One of the themes of this blog is the changing position of the U.S. in the world economy. Clearly, competition is catching up to us. Equally clearly, our leaders are ignoring the matter.
The recent issue of the NY Federal Reserve Bank's newsletter points out our loss of market share in the corporate bond market. In 1995 our bond market was double the size of that of Europe. Now, our market is smaller than theirs.
Our stock markets are also under siege as more and more countries join the 21st century economy.
No comments:
Post a Comment