Tom, that is SO true. When things get tough here in America, the first words out of fund managers' mouths is:
"Ya'll diversify overseas, now, ya'hear? Why??? B/C your money will grow faster, work harder, return more baby dollars if you only put it offshore." That same "tattoo"--is happening now, it happened in '98,and in... and in... and in... ad nauseum.
And you know what the funniest thing is? Ole CNBC's "chief commentator, fat Bill Seidman, has been a high-dollar US consultant, INVITED BY JAPANESE BRASS POLITICOS to help them solve their financial and banking problems for over 10 years I believe I heard him brag on one of his "Seidman Sez Segs"... One of the first things he had to do was to help them figure out a way to tank their banks and not tank their economy. Guess he isn't too good of a tutor, eh?
Ever since I heard ole' wild Bill the Seedman say that, I've wondered if he was a "double agent"<g>
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