Why America is Still a Great Country

Mark Skousen

Mark Skousen, Ph. D., is a professional economist, investment expert, university professor, and author of more than 25 books.

As a professional economist, I see instances where a wrong or detrimental plan of action is implemented on a routine basis, so I will readily admit that we have our share of problems in America.  Whether or not you count our current president as part of that list, here are a few immediate U.S. troubles off the top of my head: crumbling infrastructure, high taxes, burdensome regulations and crime.

Last week, however, I was presented with a different picture than the constant stream of negativity coming out of Washington. Driving across America from California to New York. I decided to head north and drive along I-90. One of my stops was Little Big Horn, the site of the devastating defeat of General Custer. It was a somber reminder to avoid being rash in your decisions in the battlefield of life.

My next adventure came from visiting the center of the fracking revolution: Williston, North Dakota. Williston is a boom-bust town, expanding rapidly until the oil collapse of 2015. Now, under Trump, it is making a comeback. Jack pumps and oil rigs, warehouses and temporary housing were everywhere to be seen. Investment in U.S. energy production clearly is taking place there.

And there were a few more things that made an impression on me. During my journey, I drove the entire distance going 80 mph or more and was never once stopped by a policeman. All of the states had plenty of “rest stops” along the way (one of them even provided free maps), and there were lots of restaurants and food shops. Also, the Best Western hotel brand that I remembered as being poorly maintained had a full restaurant, two swimming pools (indoor and outdoor) and a Jacuzzi, comfortable beds and a widescreen HD television.

Exclusive  U.S. Stocks Extend Records on Apple Deal

On a different plane, financially the U.S. markets have been the darling of the investment world for the last decade, and many investors still obdurately invest 100% of their portfolios domestically, even though there are promising opportunities emerging abroad without the higher valuations. Our market has also shown the ability to keep trudging higher to new all-time highs this year despite a veritable hailstorm of troubling world events. By all reasonable measures the U.S. market should not be up right now, yet it is.

It’s becoming increasingly hard today to be optimistic in the face of a barrage of bad news, but an optimistic investor is one who can look at the bigger picture, domestic or otherwise, and find opportunities within that spectrum. A pessimistic investor will soon be in cash in this market, and though a tempting idea, it is not a wise move right now.

Throughout 2016 and this year so far, I have turned heads by being 100% invested, and beating the market, in my Forecasts & Strategies portfolio during a time in which many were advocating holding cash under a mattress.

The bottom line? Being optimistic about your investments is a good thing, as is being able to recognize the beauty, goodness, and greatness in this country we call home.

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

Investment expert Dr. Mark Skousen talks about recent shifts in Trump and the economy.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen publishes 5 different investment newsletter advisories, including the award-winning Forecasts & Strategies, which has beaten the market over the last 15 years.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays. Bryan's four newsletter and trading services include:

Product Details

LEARN MORE HERE

Nicholas Vardy

A Stanford and Harvard Law graduate, Nicholas Vardy scours over 40 different global markets every day to uncover new profit opportunities for subscribers. His 3 advisories and trading services include:

Product Details

LEARN MORE HERE

Jim Woods

A 20-plus-year veteran of the markets, Jim Woods has varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.

Product Details

LEARN MORE HERE

Bob Carlson

In Bob's monthly newsletter, Retirement Watch, he provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE