In case anyone hadn"t noticed, the US dollar has been a little weak of late. More surprising is that...
In case anyone hadn"t noticed, the US dollar has been a little weak of late. More surprising is that, despite this, the five year annualised return in euros of the S&P 500 is ahead of the FTSE 100, the CAC40 in France, and the DAX in Germany. This is an encouraging statistic, but there is no question that to invest in the US market is to take on a fair degree of 'excess baggage". Firstly, getting an $11trn economy back on track doesn"t come cheap. Despite Greenspan"s warnings not to blow it, fiscal initiatives combined with increased defence spending have seen the Federal budget fall fro...
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