Wednesday, January 05, 2011

Citi: America's Economic Demise Seem Premature

US equity strategist Tobias Levkovich at Citigroup Global Markets defends the America's place:
For the last several years, investors have heard and thus have been worried about the world’s superpower losing its mojo and that its place in the global economy has diminished given the financial crisis and a decade of underperformance. Yet such views may be a bit too severe when one looks at the most recent 40 years, which include both the challenging 1970s and 2000s. Indeed, the US economy has slipped only modestly from 30.4% of worldwide real GDP in 1970 to 28.4% in 2009.
Click on Citi's January 2011 Chart of the Month, courtesy of Citigroup Global Markets.

EU 15 seems to be on obvious decline ...

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