Lively panel discussions? We got 'em.
Weren't able to join Wonkblog for our New York event earlier this week? You missed a lively discussion of America's prospects as a destination for investment dollars. Here are some key clips
Here's Ruchir Sharma, the author of "Breakout Nations: In Pursuit of the Next Economic Miracles," who argued that the slow job growth the United States has experienced the last few years shouldn't be too shocking; it is more the norm for countries that have experienced a deep financial crisis.
Ruchir Sharma is the head of emerging markets for Morgan Stanley Investment Management and the author of "Breakout Nations: In Pursuit of the Next Economic Miracles." He touches on jobs growth and tells Wonkblog's Ezra Klein "What America is going through is not that different from what other post-crises economies are going through." (The Washington Post)
Diana Furchtgott-Roth, meanwhile, a senior fellow at the Manhattan Institute, sees the culprit behind slow job growth as government policies, including Obamacare, that have made it more expensive for businesses to hire.
Diana Furchtgott-Roth, a senior fellow at the Manhattan Institute for Policy Research, tells Wonkblog's Ezra Klein that the United States has made hiring more expensive. (The Washington Post)
And Barry Ritholtz, chief investment officer at Ritholtz Capital Management and a Post columnist, argued that the 21st century economy requires highly educated workers, and that if the United States doesn't do better at providing them, inequality will widen further.
Barry Ritholtz, chief investment officer for Ritholtz Wealth Management, tells Wonkblog's Ezra Klein "We've set up an economy that demands very highly-educated, sophisticated laborers." He adds that until those who are less-educated recognize that dynamic or the country does something to change the status quo, the demand is likely to continue or widen. (The Washington Post)
But inequality isn't just a U.S. issue, argues Sharma, who sees similar underlying forces at work in the global capitals he often visits.
Ruchir Sharma is the head of emerging markets for Morgan Stanley Investment Management and the author of "Breakout Nations: In Pursuit of the Next Economic Miracles." He told Wonkblog one-third of American companies' earnings come from overseas, showing competitiveness. The disconnect, he said, is with weak U.S. job growth. (The Washington Post)
Indeed, for all America's challenges, Furchtgott-Roth sees a United States that remains the most desirable place to invest given a lot of bad choices--the best house in a bad neighborhood, as she puts it.
Diana Furchtgott-Roth, a senior fellow at the Manhattan Institute for Policy Research, told Wonkblog's Ezra Klein that investors note the U.S. has economic problems but other countries are in worse states. (The Washington Post)
And here, Ritholtz makes the case that investors should ignore most of the nutty behavior that takes place in Washington and focus on longer-term fundamentals.
How much does the political system matter for the future of the American economy? "For the most part, you should ignore what happens in D.C. if you're an investor," says Barry Ritholtz, chief investment officer for Ritholtz Wealth Management. The exception, he says, is when Washington either does something spectacularly well or spectacularly poorly. (The Washington Post)
Thanks to our panelists for a fascinating discussion, and keep an eye on the blog for announcements of future live Wonkblog events!