Welch believes American companies are on the threshold of much greater profits.
"Everything's right :
. Balance sheets are in better shape; . Interest rates are low; . The Iraq war is over; . There is no sign of inflation anywhere; . Companies are stronger; . And the dollar is weak. "
What he doesn't know is whether Wall Street has got the timing right.
He believes we are going to see more global takeover activity.
Size and scale matter in a global economy.
Those that don't generate value and have under valued assets will not be allowed to survive.
And Welch says that's the way it should be.
A company that is not winning does nothing for anyone.
And a word about life style: Welch believes that those who want to trade their lifestyle against their career opportunities will continue to be employed, but are not likely to rise to high levels.