re: "Volatility Is Lowest Since the Great Depression"

My personal opinion is that the global economy is in a period of equalization. The populations of more countries are reaching education levels that were once exclusive to advanced nations, and it has made their populations competitive in the global labor markets. The United States does not have any sort of edge when it comes to specialization of labor for most jobs. Thus our businesses have no advantages when location is not at a premium. Trying to counter this with political solutions is a futile gesture destined to fail. The key to staying at the economic forefront is innovation. And we have no monopoly on innovation. In fact, China is likely to be the leader in innovation due to the huge numbers of scientists and engineers it is training. One only has to look at the graduate students in the physics, chemistry and engineering departments at U.S. universities to see the disparities in the numbers of Chinese v. American grad students.