Three major trends became apparent in the Global Competitiveness Report over the past 12 years – one obvious, two perhaps surprising.

1. Asia Rising

2. Europe’s debt crisis and economic decline

3. Brazil, Russia, India and China overrated

The good news is that the United States’ long period of Worldwide competitive decline to the #7 position has suddenly turned around in 2013. Perhaps its like any Market, the time to capture a significant reversal is, as James Dines told Michael Campbell this weekend “You need to go opposite to the crowd to make money. It’s not easy to do because we are programmed to listen to the people around us, or be influenced by it.”

 Certainly it would be hard to argue that the mass opinion of radio, television newspapers and the average man on the street isn’t that the US is a Debt ridden cripple with economic cancer compared to its glory days of past. Meanwhile some technological marvel with the Worldwide impact of the printing press, or steam engine could be setting up a huge future US economic Boom. 

I don’t think the author is arguing for a massive new economic upside explosion, but he does make some interesting points in this article Is the United States the Global Economy’s Comeback Kid?