“As investors reposition their portfolios in a post-recessionary economy, it’s important to understand that this economy is different. The primary growth driver is innovation,” Jason Schwarz writes for TheStreet.
“Those who claim that investors should prepare for a ‘new normal’ of below-average growth are missing the big picture. The U.S. is leading the most significant macroeconomic revolution since the Transportation Revolution occurred 100 years ago,” Schwarz writes. “Many refer to this new phenomenon as the ‘tech revolution,’ but I call it the ‘Steve Jobs Revolution.’This new economy will demolish the remaining walls of geographical inefficiency.”
Schwarz writes, “The old days of Google search are coming to an end. The old days of Microsoft’s operating system are just about over. This post-recessionary economy is building its foundation on the mobile Web. The era of standardized software and information is being replaced by software and information individually tailored to the user… And of course you’ve got Apple and the leader of the revolution, Mr. Steve Jobs.”
Full article here.