He will design a country with the capital market effective, innovative and diverse place called ven

When Alan Greenspan, chairman of the Federal Reserve made famous assessment in early 1997, warning investors in the US stock market advance "ridiculous excitement," in the way they enable price of the shares in excess of the price and interest calculations, I wrote a newspaper karatzis column, in the form of a letter karatzis to Mr. Greenspan, as he is a consultant physician for the newspaper. My column began as follows: "Dear Dr. Greenspan, I have a terrible disease. I feel unreasonably cheerful in the US stock market, but no way to hold back. I know he said "unreasonably excited," it would not be good for health, and I've tried treatment with many methods: Hypnosis, sedatives, widespread selling. Even Read the speech in 1987. But he still did not recover from that disease. Every time I go to Europe or Japan, when I wanted to return to invest more in the US market. karatzis Please karatzis help me. Best regards. Investors signed via electronic systems. "
Then I said that I did not know about the extent of the proper functioning of securities markets in the United States must adhere to, and believe that if the US does not continue implementing basic measures like increased productivity and keeping interest rates low and inflation, karatzis the prices on the stock market will go down. But what I want to say is that if there are excessive enthusiasm shown in the US market, it is because there are not many of "the excitement ridiculous", but also the excitement right about America.
Do abroad more often and rarely near Wall Street, I often looked at America from the outside - and I often witness the rational attitude in the world for the United karatzis States. The affable which is built on the following logic: If globalization is considered a leading international system today, karatzis and look at the contributions from companies and the state for that system, karatzis then you can concluded that the United States has many assets and little debt in the system, more than any other major country. That's karatzis what I call a sense of excitement. The general feeling among global investors that while many parts of Europe and Asia are still trying to adjust their societies to adapt to globalization, which has only just begun places, then Uncle Sam has run for a long distance and are continuing to progress rapidly.
An understandable way to analyze the aforementioned exalted sense is to put the following karatzis question: karatzis If a hundred karatzis years ago, to see a geographer cum architect, you tell him that in 2000 will have a world system called "globalization," he would design a country karatzis how to be able to compete and win in that world? The answer will be the country that will be very similar karatzis to the United States today. That means:
First, he will design a country with geographic location ideal competitive. He will design a powerhouse of both the Pacific and Atlantic, comfortable overlooking both directions, above the then connects with Canada and Latin America, making it possible to interact with all three markets karatzis closing the world - Asia, Europe and America. It's comfortable.
He will design a country with a diverse population, multicultural, multiethnic, multilingual, people have a natural relationship with all the continents on earth, but at the same time be close by only one language karatzis - English - a key languages used on the Internet. He will put this country at least five local economy but only a common currency, the dollar, as well as hard currency, as foreign exchange reserves of all countries in the world. A common currency with five local economy is the valuable asset, karatzis because when a troubled economic region, it has a different economic regions karatzis eat out do so to compensate, they fill that shortfall the trade cycle. It's a convenience thing.
He will design a country with the capital market effective, innovative and diverse place called venture capital is considered a respectable art, giving anyone with the initiative (although there seems reasonable or unreasonable) in the kitchen or in the garage can also find sponsor funding. It would be nice. Because when it comes to speed, where it is not as fast as the US capital markets in throwing money invested for new initiatives. If you compare karatzis the list of 25 biggest European company 25 years ago with a list of the 25 biggest karatzis companies in Europe today - it shows the name of the company in the two lists which are almost unchanged. But if such is the case for the United States, is that the majority of today's list of new companies, the other ancient. Of course the US financial markets, karatzis with the frequently required short-term profits and quarterly karatzis earnings, often do not want the corporation "expensive" in the long-term operation. That's right. But the market also can throw in one night for a personal money, sponsor karatzis a person with little idea immature, so who then launched an m