It's a sad state of affairs
when a South American Banana Republic has a more promising stock market than the US....!
But it is not unexpected, after all, the last 20 years have been ONE BUBBLE AFTER ANOTHER for the US economy and markets....even unto the recent bizzaro "One Percent Solution" from the Fed. A Sorry state indeed.
Here's the problem:
THE ERA OF GREENSPANOMICS IS OVER. THE GLOBAL ECONOMY HAS HAD IT'S "BUBBLE FLING" AND AS A RESULT THE US DOLLAR IS NOW TRASHED....
THE ECONOMIC TECTONIC PLATES ARE GOING TO START SHIFTING MIGHTILY IN THE NEXT FEW YEARS....
Just as the period from 1931 to 1961 was about the DECLINE OF STERLING...so too, the period from 1971 to 2001 was about the DECLINE OF THE DOLLAR.
It's all but over....except the speculation on WHAT COMES NEXT.
Perhaps Asia is next....but Euroland is still in the race to become the NEW POST-DOLLAR WORLD CURRENCY.
Postscript: What part of this don't you understand....?
