Steve, very, very interesting post. The best, like this one, always come from the horse's mouth. (Let's hope the Brits use that expression too!)
<In short, Europe has caught up and is perceived to be on the brink of private-investor
led irrational exuberance. I don't know if the same situation exists in Japan or elsewhere
or if those regions are withdrawing from US markets because their own economies are
more stable now, or they are just uneasy about the valuations on the US markets. Any
other non-US investors agree with me? >
You have been reading gst, haven't you? He's American, but travels in Asia, and agrees with you, as his many recent posts prove. It is uncanny that this torrent of articles is now echoing the position he has been putting forth of late....
As far as what this all means for me as a US investor, I don't know. I lean against gold, because I still believe that good US inets will outshine it. (I may be proved wrong). Individual foreign stocks like Softbank are so dang inconvenient to invest in. Foreign mutual funds are, well, BORING!!! So I don't know. My inclination is to just keep doing what I've been doing, as the inet revolution will continue to propel forward, regardless of world money flows and investment climates....
Thanks again for sharing your views.
Rob |
