Please, do not insult us with such nonsense. Technology driven business, logistics driven business, transportation business, etc, PLUS all the infrastructure support required for those businesses, will all remain strong.
Yes !! Apologize for the insult of pointing out the obvious.
Let me ask you this. The technology business will remain strong ? How are technology stocks doing lately ? Not so lately...say 5 years ? Transportation business ? How are those airlines ? How's Detroit been doing ?
Stock prices are not the primary measure of the total strength of the US economy. The US is by and far the world leader in technology R&D, product development, sales, distribution and licensing.
Airlines are service businesses, and the conversation I was in was around manufacturing businesses. Does China have a competitor to Boeing and Lockheed?
Detroit has been hurting for a long time, and quite honestly, got what it deserved. In general, most automobile manufacturers are not doing too well worldwide except for a select one or two in each section of the world. I predict the major consolidation will continue (i.e. Ford buying Volvo, GM buying Saab, Daimler buying Chrysler) with a Toyota-GM merge in the cards.
This is all part of business...only the strong survive.