It didn’t take me long to figure out.
I was humbled when I visited the Ground Zero and my heart goes out to the families of people who lost their lives as a result of the terrorist attacks. The stories about how the fire fighters smilingly gave up their lives ‘proudly’ to save a few others – are moving.
A few blocks away lies the nucleus of global finance (The Wall Street) and I happened to strike a conversation with a few brokers over coffee. It was interesting to note the infectious optimism. Recession was the topic of discussion and almost all of them said “We Americans are smart people and we will definitely figure out a way fast – out of this turmoil”
President Obama’s “Yes we can” reverberates through the soul of this country and through every single citizen.
Americans work hard and party harder. The Pubs are packed. People are still shopping with a vengeance on the 5th Ave.
Recession is a state of mind. Fundamentally nothing much has changed on this planet but for a little aberration in the global confidence. If every single person on this planet gets ones’ confidence back, recession will be over – overnight.
Comprising of 5% of the world population, Americans generate 25% of the world GDP in a country that is rich in natural resources, is the fulcrum of global inventions, and is an economic and military superpower. The vastness of the US is overwhelming.
Warren Buffet is right “No matter what you do – do not bet against the United States of America”.