This Swiss Logic Has More Holes Than Their Cheese
Switzerland is the most competitive economy in the world, according to… the Swiss.
Really, Switzerland? We had such respect for you before this.
This study is like Detroit releasing a study that says Americans only want cars from Detroit. It’s nice to daydream, but it’s just not true.
Tell us it’s China, India, or even Brazil and we’d have an easier time agreeing with you.
The metrics behind this study suggest that the low U.S. savings rate, coupled with the soaring public debt and budget deficits are making the U.S. economy less competitive than Switzerland’s.
Without doubt, these are big hurdles. But we’ve got two simple questions in response:
- Which economy would you rather invest in?
- Where do you think the most potential lies?
Like many other nations around the globe, the chips are down for the U.S. But would you abandon Uncle Sam in favor of the Swiss?
Sure, we know the Swiss are known for their stability, chocolate, skiing, timekeeping, and grace under fire. But they’re also party to a banking system that just got owned by the I.R.S.
On the other hand, the U.S. is the quintessential comeback kid. Every time it gets counted out, the country rises again.
And as publicized as this study is, I doubt if anyone is really going to switch to Switzerland based on it, or change his/her opinion of the largest market in the world.
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