Salient to Investors:
Fareed Zakaria writes:
- Hong Kong is far richer than the rest of China and a window into the country’s future.
- The rise in US oil and gas production along with the slowing Chinese growth and appetite – a 0% increase in oil demand in 2014 versus 7% annual over the past decade – are the major reasons for the collapse in oil prices in 2014.
- The drop in oil prices will shape the next chapter of Russia.
- Producing countries like Russia and Venezuela will suffer from falling oil prices, while consuming countries like China, India and Indonesia will benefit – with one exception, the US, because it is both the largest producer and consumer of oil.
- The trends look positive for America:
- Lower oil prices could make combative countries more cautious.
- The recovery looks sustainable and increasingly robust.
- American tech companies continue to dominate the industries of the future.
- American society remains vibrant, fueled by immigration.
- American government has performed extremely well relative to Japan and Europe.
Read the full article at http://edition.cnn.com/2015/01/05/opinion/zakaria-year-america/index.html
Click here to receive free and immediate email alerts of the latest forecasts.