Like a few people I know, I slavishly follow the economic news from around the world.
Sure, I have a casual background in economics, but I've always thought of economics as the engine that powered so much of human activity. That, and demand for EMC's products and services are somewhat correlated with economic swings :)
My current fascination is the US economy -- not only is it the largest by some measures, but -- historically -- it tends to often go through key transitions before other regional economies. It's not a bad "early barometer" to watch strong forces play out globally -- if you're watching carefully.
Without getting delving into politics, I think the current US economy can be best described as "uneven" or even "lumpy". At an aggregate level, there's the perception that there's not enough growth or job creation to get things moving in the right direction.
Indeed, the current round of spectacular policy debates seem to arise from fundamental disagreements regarding what to do about the situation vs. any disagreement that there's a serious challenge at hand.
For me, I see the US as a tale of two very different economic models being measured as a whole: the tail end of a successful-but-getting-tired legacy model, and the early days of its powerful successor.
Focus on the legacy model, and I see a picture of a running-out-of-steam economic model with few attractive options left for substantial rejuvenation.
But focus on the newer model, and it's easy to be dazzled by the potential for growth and prosperity.
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