Last Friday, Motley Fool’s Morgan Housel highlighted several positive aspects about the American economy.
1. The most beautiful de-leveraging on record.
Despite a 6% drop in employment from the beginning of the 2007 – 2009 recession, US employment loss has been less than most other industrialized countries in the last 35 years.
2. America has the best demographics of any developed country in the world.
3. America’s businesses have never been more profitable.
4. We have abundant and increasingly cheap energy.
For example, natural gas in the US sold for $3.30 per million BTU in contrast with $10.60 in Europe and $16.70 in Japan.