Washington is a mess, with government shutdowns and debt ceiling shenanigans. The rest of the world can’t figure out why we’re doing this to ourselves. Five years after the financial crisis, the economy still hasn’t fully recovered. Median household income is back to 1989 levels, and some scholars argue that the era of rapid economic growth and rising living standards is a thing of the past.
So should you bet on America? Are the things that ail the American economy passing problems that make it easier to buy into the nation’s future growth at a discount? Or are they more fundamental problems that aren’t going away anytime soon? As Ezra put it, is America a bubble?
That's the topic of the latest Wonkblog CrowdSourced discussion. Click here, and give us your observations about whether the future for the United States and its financial markets is bright or gloomy. Upvote the comments you find most persuasive. We'll continue the discussion over the coming two weeks, and highlight some of the most interesting responses here on the blog.
For investors, this is a practical question: How much of your portfolio should be invested in the shares of U.S. companies, and U.S. Treasury bonds, as opposed to overseas investment options. For all of us, it is the core question that will determine whether America’s best days lie ahead.
Go to the CrowdSourced discussion here.