Twenty years ago there was no question what areas of the world markets paid most attention to. The United States. The U.S. economy was by far the largest in the world, with the most productive and innovative workers and businesses.
Because of the dominance, financial markets hanged on every U.S. data point. That dominance has diminished and continues to erode.
The following are three charts that show why markets increasingly view the American economy with a "has been" mentality.
Overall, it's much more likely that the U.S. will become more like E.U. member countries than competing, high growth economies.
Growth in Global Employment
The first graphic is global employment growth from 2009 to today.
Perhaps surprisingly, the figure shows the dominance of job creation...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
