BERWYN, Pa.--(BUSINESS WIRE)--Various countries have dominated the global economy over time, but most have faded. According to the latest position paper from Turner Investments, there are six reasons why the U.S. economy has remained resilient and is likely to continue growing, despite any challenges from other nations.
“has proven time and again its ability to absorb economic blows that might have kayoed lesser nations.”
Turner, an employee-owned investment firm based in Berwyn, Pennsylvania, publishes position papers quarterly that present the firm’s viewpoint on investment-related topics.
Titled Why you can’t keep the U.S. economy down for long, the paper was written by Bob Turner, chairman and chief investment officer. Mr. Turner observes that in the last 150 years, China, the United Kingdom, and Japan have risen to economic prominence, but all three have subsequently retreated. In contrast, he likens the U.S. economy’s steady growth of 2-5% annually to middleweight boxing champion Jake LaMotta, who was never knocked out in his career. The U.S., he notes, “has proven time and again its ability to absorb economic blows that might have kayoed lesser nations.”
In the paper, Mr. Turner lists these six reasons why he believes the U.S. economy can continue to withstand economic challenges:
- The U.S. continues to be home to the most innovative companies and disruptive technologies.
- The U.S. population continues to grow steadily, and U.S. demographics are favorable.
- The U.S. benefits from an established and consistent criminal justice system.
- After undergoing significant downsizing since the 1970s, the U.S. manufacturing industry has undergone a renaissance.
- The U.S. dominates the global media and entertainment market, which is lucrative, big, and getting bigger, thanks to a world that’s increasingly connected.
- The U.S., although not completely energy independent, should produce more of its own oil and natural gas in the coming decades to help bolster its economic standing.
To read this second-quarter 2013 position paper in its entirety, see the Turner Investments Web site http://www.turnerinvestments.com/turner-position-papers/. Or call 484.329.2407 for a free copy of the paper.
The views, opinions, and content presented are for informational purposes only. They are not intended to reflect a current or past recommendation; investment, legal, tax, or accounting advice of any kind; or a solicitation of an offer to buy or sell any securities or investment services. Except as otherwise specified, any companies, sectors, securities, and/or markets discussed are solely for illustrative purposes regarding economic trends and conditions or investment process and may or may not be held by Turner, the Turner Funds, or other investment vehicles or accounts managed by Turner or its affiliates. Past performance is no guarantee of future results.
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Turner Investments, founded in 1990 and based in Berwyn, Pennsylvania, is an investment firm with more than $10 billion in assets under management in stocks, as of March 31, 2013. Turner manages growth, global/international, and alternative separately managed accounts and mutual funds for institutions and individuals.