A certain sign of country prosperity is the ubiquity of foreign goods and businesses in that country. Markets are wise, and it’s in the countries where foreign producers are aggressively pursuing and gaining market share the most that you know the future is brightest.
Which is why if you’re American and eager to develop a sense of what’s ahead for the U.S. economy, look at what’s for sale in shopping malls, online, or perhaps easiest, look around as you drive around. What’s the make of the car you’re driving or riding in, and what’s the make of the cars idling next to you?
It’s a useful exercise given the impressively wide range of foreign models. What a bullish signal about the present, and similarly about the future. Not only are markets wise, they’re also a look ahead. The ubiquity of foreign goods is a powerful market signal revealing just how much the world’s producers make their business all about pleasing Americans.
Read Full Article »
