Fareed Zakaria GPS – CNN 03-13-16

Salient to Investors:

Fareed Zakaria said:

The US economy will grow much faster than the eurozone and almost 3x as fast as Japan’s in 2016.

The Financial Times says America’s top 5 investment banks in 2015 made twice as much money as European banks and bettered them on almost every financial measure.

UBS says America ranked 5th of countries best able to take advantage of the fourth industrial revolution.

Lawrence Summers says:

The fundamental US economic problem is the lack of demand, too much savings and too little consumption. The best solution is a major boost in infrastructure spending.

Future generations will be better off owing long-term bonds at low rates in a currency they can print than they would be inheriting a vast, deferred maintenance liability.

Adam Gopnik at the New Yorker said it is important to see Trump as primarily a nationalist and not a fascist.

Gideon Rachman at the Financial Times said the fear of Trump is overdone, a la Reagan, but his temperament, style and extreme touchiness is a concern.

Valentine Pasquali at Global Finance and Aspen Institute said the striking parallels between Trump and Berlusconi go well beyond politics – Berlusconi’s bad legacy has shaken Italians’ trust in their institutions.

Yascha Mounk at Harvard and New America said people no longer trust any politician: and the most dangerous thing about Trump is not his radical policies or dangerous ideology but that his only course is himself, which makes him willing to do anything.

Eric Foner at Columbia University said American politics has always had demagoguery but egotism run amok is a new low in US political debates.

Barry Strauss at Cornell said:

The death of Julius Caesar was a turning point, an opportunity for the ‘America’ of the world at that time, Rome, to reform.

Caesar had more power, money, army than anyone before in Rome, and was a genius, smarter than anyone, and a great general, politician and author – a rarity.

Caesar’s assassination was well planned by top Roman generals, and succeeded partly because he did not believe it; showing politics always trumps military thinking, and you must always have a political plan.

Jonathan Weiler at UNC said:

The American political polarization of the last 30 years is driven at the grass-roots level by differences in personality among voters.

How people answer parenting questions tells us how they see the world politically much better than gender, income, education.

White, working-class voters who are low on authoritarianism dislike Trump, while college-educated voters who are high on authoritarianism like him a lot.

Watch the video at http://globalpublicsquare.blogs.cnn.com/category/gps-episodes/ or read the full transcript at http://transcripts.cnn.com/TRANSCRIPTS/1603/13/fzgps.01.html

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