Analytics

What Is American Exceptionalism, and Is It Coming to an End?

Bloomberg reports that record US stock prices suggest investors still believe in TINA — the idea that “there is no alternative” to US markets. So why has the dollar been sliding?
What Is American Exceptionalism, and Is It Coming to an End?
Bigger isn’t always better. But when it comes to global investing, the parallel is clear. The US financial system acts rather like a separate planet, exerting a gravitational pull on the world’s money and giving America’s companies and government access to vast pools of cheap funding. This lowers operating costs for US businesses, giving them a competitive edge and a... ...

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