Hedge Funds Get S&P’s Invite to ‘Sputnik Moment’: William Pesek
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This is Japan’s “Sputnik moment.”
This phrase recalling how the Soviet Union’s 1957 space launch shocked the U.S. is back in vogue thanks to President Barack Obama’s State of the Union address this week. He sees the rise of India and China as a catalyst for the U.S. to boost its competitive game, and it’s hard to argue with that.