Being an American in Asia has never been more humbling. I recently appeared on a panel at a conference in the southern Chinese city of Guangzhou with investment guru Jim Rogers and Kirby Daley, an outspoken Hong Kong based financial strategist. Though both Americans, the two appeared to be engaged in a contest to decide who could bash their home country the hardest. Rogers called China "the next great country of the world," while comparing a debt-burdened America to the failed British Empire. Daley lambasted American economic policy as ill conceived and out of touch. Rogers warned his...
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