. . . . Dow perched at an all-time high with oil above $75/barrel. The FED banks say inflation is not a strong enough concern to cause more rate hikes. G7 nations disagree with the FED banks and say that rising oil is extremely worrisome to the global economy. UPS , FEDex and other transporters average fuel costs, based on a fluctuating oil market. Since this market lacks fluctuation and is constantly making new highs, their calculations will likely be off, causing transports to miss. When they begin hiking cost of transportation, it will begin showing up at the market. . .lettuce, etc.
"Gasoline is heavy. We had to hike our gas prices to account for rising transportation costs."
The people I have spoken with say the FED is nuts and that inflation is impacting them more and more daily. So which do we believe . . . our new FED Chairman, or the mom and pops down the street? It doesn't take an economist to figure out that we are being lied to and that the U.S. economy is a house of cards.
It should be easy to see why I have been more interested in China and India stocks and funds than anything going on in the U.S. I especially like the traded funds that pay handsome dividends.
China's 1st quarter GDP was up a full 10 percent? Did I read that right? Investing in expansion in these areas is easily leading to the biggest returns in equities these days. It has been the smartest investment for a while now, with no clear end in sight. 5 year charts have shown amazing performance.
Like it or not, the New World Order is here. Shanghai, Dubai and I don't know, perhaps New Delhi? The growth rate has them all eclipsing the Old World Order.
For that matter, land south of the border is looking attractive as well. This world is surely a different place than the one we read about in school.
Who else is having these rather disturbing thoughts?
Rande Is |
