Now that I think of it, perhaps the USD going down means the US markets lose their importance, also in the eyes of the US companies. Their problem would be, when you're based in the US, it might be difficult to understand international markets. At least I've yet to see an ATM where you can deposit money ;-)
Just about the only thing the USA has that is truly valuable is our international brands like Coke and Nike. The rest can be duplicated overseas and I think powerful international brands will emerge eventually, unless we're already past the age of brands.
I think the peak of US civilization was the first bubble era. After that, George W Bush and his horrendous economic and imperialist policies combined with the worst Congress ever have further hastened the decline of America.
Our currency is worth half as much as it was in 1999! It's hard to notice for the rich, but for young people without money, life is getting harder. If you don't have an engineering degree or a CS degree+portfolio, there aren't any jobs without graduate education in something relevant. And good luck paying for graduate school when your net worth is already -$100,000.
Inflation is creeping up but it's hard to tell because the government doesn't publish M3 numbers anymore. I just don't see anything that can reverse this trend and I'd like to get out while I can. If I don't make a good amount of money soon, I'm afraid of being trapped in America instead of being able to move overseas and cheaply rebuy America later.
As a Finn, the only example of a powerful international brand I could directly come up with was Nokia. Others would probably remember the Japanese and German cars. Interestingly, there isn't a single Canadian brand in BusinessWeek's top 100: http://bwnt.businessweek.com/interactive_reports/top_brands/...
But the way you talk about the reality of the US economy sure paints a grim picture. I can only hope the country finds its place again in the new world order.
That's a great link, thanks. Go Finland for placing so high on the list. Also note that there isn't a single Chinese brand on the list -- the Chinese government really, really wants to get some international brand names out there. They wanted to make Lenovo into a true international brand but that hasn't worked.
http://www.theatlantic.com/doc/200507/fallows
This is a really good piece of speculative fiction about the election of 2016... obviously it won't all come true, but American travel infrastructure assumes that every family owns one or more cars. At this point, it's clear that personal transportation is just unsustainable. $6/gallon gasoline is going to hit the average (poor) American very hard. Mobility is going to be severely reduced, especially as public transportation starts getting cut.
I'd like to see how this study was done.,, methodology sucks. Did they even ask a single Canadain?! There's PLENTY of Canadian brands out there and for some reason they didn't make a list. I'll just say one: RIM. Why isn't it on the list?
Let's take a look at this list for just one example...
#22: Merrill Lynch
it's ahead Pepsi and Sony and Nike. Huh?! That MAKES NO SENSE WHATSOEVER! Just safely ignore this list... their methodology is CRAP.
So you're saying there should be a lot of Canadian brands on their list? Should they change the criteria for "global", sort by something else than "brand value", or have they miscalculated the value of all those Canadian brands? Here's the target of the "Methodology" link above the table: http://www.businessweek.com/magazine/content/07_32/b4045421....
As far as RIM goes, I can only ask if it isn't more of a single product than a brand worth billions? I can't comment much as Blackberries aren't used in this corner of the world if they're even available. The local alternative (ie what people in the management want) must be the Nokia Communicator line of devices.
Merrill Lynch takes money and turns it into more money and is rather well known for doing so. It makes sense to me that there is more money in the financial business than in the shoe business.
