America 3.0: Rebooting American Prosperity in the 21st by James C. Bennett, Michael J. Lotus

By James C. Bennett, Michael J. Lotus

America’s maximum days are but to return.

We are in a painful transition interval. Our executive is crushingly pricey, failing at its simple services, and not able to maintain its supplies. It doesn't paintings and it can't proceed because it is. however the inevitable finish of massive govt doesn't suggest the tip of the United States. It basically skill the tip of 1 part of yank lifestyles.

America is poised to go into a brand new period of freedom and prosperity. The cultural roots of the yankee humans return no less than fifteen centuries, and make us individualistic, enterprising, and liberty-loving. The Founding new release of the U.S. lived in a global of relations farms and small companies, the United States 1.0. This international pale away and was once changed via an industrialized global of huge towns, gigantic company, significant exertions unions and massive govt, the US 2.0. Now the United States 2.0 is outmoded and crumbling, whereas the US 3.0 is suffering to be born. This new global will deliver huge productiveness, quick technological development, better scope for person and family-scale autonomy, and a leaner and strictly restricted executive.

America has made one significant transition already, and commercial the United States turned an monetary colossus. we're now creating a new transition, as a way to shock many americans, and astonish the realm.

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Additional info for America 3.0: Rebooting American Prosperity in the 21st Century—Why America’s Greatest Days Are Yet to Come

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As Figure 3 illustrates, most Asian swaps trade cheap. For example, as shown in Panel A, the Korean KOSPI 200 swap traded as low as –2,500 bps at the end of 1997. In real terms, that means that if I bought the KOSPI 200 in a price return swap and paid LIBOR minus 2,500 bps (ignoring the Table 1. 4 billion USD30 million USD360 million USD45 million MSCI Taiwan MSCI Singapore 1998 Approximate daily volume Selected specifications Multiplier HKD50 KRW500,000 MYR100 USD100 SGD200 Contract months Spot, far, quarter Quarter Spot, far, quarter Spot, far, quarter Spot, far, quarter Note: Other index futures contracts exist in Asia, although they trade with limited liquidity.

When commission rates come down 80–90 percent, a 10-fold increase in volume is needed to compensate for the rate cut. For e-finance companies to make money, they must have a bull market plus volume. Once we enter a bear market, which is inevitable, we’ll see that just because Internet trading is cheap doesn’t mean that investors will trade. ©2001, Association for Investment Management and Research® Portfolio Construction Techniques for Asia Hon W. Cheung Managing Director State Street Global Advisors Singapore Asian equities are a small fraction of the global equity markets but are a good source of diversification and worthy of consideration in an asset allocation context.

Assuming zero transaction costs, statistical tests can detect serial correlation in Asia just as they can for most other equity, currency, and fixed-income markets. Although people certainly want to follow trends, at the moment, serial correlation is probably borderline in terms of whether it is exploitable because of the high transaction costs involved in implementing these high turnover trades. But ©2001, Association for Investment Management and Research® with changes in the types of instruments available, serial correlation will become a lot more exploitable within Asia.

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