The Phaserl


France’s Mistake: Is the U.S. Government on the Same Path?

by Sasha Cekerevac, Investment Contrarians:

One of the facts that people still have a hard time dealing with is that all nations are part of the global economy. While we like to discuss our circumstances here in America, we have to remember that for a strong economic recovery to emerge, we need to become more attractive relative to other nations in the global economy.

Here’s a perfect example of what not to do:

Recently, France-based Alcatel-Lucent (NYSE/ALU) reported it needed to cut 10,000 jobs in an attempt to try and turn the company around.

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