Our companies are global companies.
They are, however u.s. companies have taken out so much capacity that any increase in sales volume that comes back to america will ultimately drive earnings and sales growth.
That is the theme for the second half of 2014 and into 2015. we have to transition into more of an acceptance of equities and an acceptance of fundamentals.
That is the next phase of the bull market.
Where is the growth going to come from?
If is not going to come from cost cutting, where will it come from?
Listen to the gentleman in europe.
It continues to be — we believe you’re going to see more on shoring in america.
More jobs coming back.
It is going to be all about productivity here and capacity coming back.
That is a big theme for the next 10 years.
It depends a lot on education and where our citizens stand.
This report says that 15-year- olds in the u.s. made no progress on the latest international achievement exams and fell in the rankings.
They fell from 20 fifth place to 30 first place and math.
This all goes back to this idea that if we are going to rely on technology — bill harris with us.
He is working on financial software.
I am sorry, in the old ways, — the old days, you had to take math and foreign language.
Over the weekend, talking to 20- year-olds, their education is not what bill harris got or what i got.
I am a liberal arts major.
They are not the dominant lead liberal arts today.
We should have a revival of liberal arts.
We should extend the notion of liberal arts to include math, science, technology.
I was floored at what i learned over the weekend.
It is not what they are taking, it is what they are not taking.
We — we do a lot of speaking at public schools.
Take your english comp and public speaking because nobody knows how to speak anymore.
Nobody can string a sentence together.
I talked to two kids.
No map, no foreign language.
We are going to get some education through pictures.
It is a disgrace.
I have to pull you back.
We’re going to take a look at a giants, two-story replica.
It is being dismantled.
The trunk is 30 feet tall and 100 feet wide.
They were really offended.
The red square is considered to be a sacred space.
It is an eyesore.
It is not a good thing.
Our next picture is released in china.
It successfully launches a long
Source Article from http://www.bloomberg.com/video/onshoring-productivity-key-to-u-s-growth-belski-xcaEqwFtQAG3bT0Lxuoqlw.html
