Vanguard CEO Bullish on America

Why?  Seapower!

And we still have the most powerful military. Again, these are real macro factors. But if you look at 200 years of history, sea power — the correlation between who controls the seas has a huge impact on economic growth and prosperity. Because when you think about it, still 94 percent of all trade occurs over the oceans. So us having the most credible navy is a positive factor. 

Bryan McGrath