Former Goldman Sachs partner Abby Joseph Cohen: I'm a long-term bull on the United States

Core Viewpoint - The discussion highlights concerns regarding the U.S. economy's long-term competitiveness, particularly in science, technology, and education, especially in comparison to China's investments in these areas [6][7][8]. Economic Outlook - The U.S. economy is viewed as the most impressive globally, but there are significant areas to monitor, particularly the investment in education and technology [5][6]. - The current economic environment suggests that stocks are generally fully priced, with less margin for error if economic conditions do not meet expectations [19][20]. Investment Concerns - There is a notable slowdown in business investment, particularly in equipment and AI-related categories, which could impact GDP growth in the second half of the year [21][22]. - The potential for profit margin erosion due to tariffs and the impact of inventory adjustments may lead to cost increases and supply chain disruptions [14][15]. Labor Market Insights - The labor market is showing signs of concern, with a stagnant labor force size affecting unemployment rates and overall economic health [16][17]. - A significant portion of PhD holders in critical fields such as medicine and engineering are immigrants, which underscores the importance of immigration policies and domestic education quality [11][12].