While much of the world either slipped into a recession or skirted with one over the past two years, the US avoided one with its strong consumer spending and healthier corporate balance sheets than its overseas peers.
There is a lot of global stock market envy these days.
From the Singapore Exchange (SGX:S68
) (SGX) and the Korea Exchange to Sao Paolo’s B3 or Brasil Bolsa Balcao, bourse honchos wish they, too, had something that America has: a robust stock market that is helping boost prosperity, driving economic growth and fuelling more innovation.
