The European fringe markets - are they the next investment fad?

'Geography is dead.' So pronounced the great and the good of the investment banking world, after reorganising their brokerage operations in the City along sector lines. They were right - but not as expected. The sector that made the biggest difference made a bigger difference than almost any country in my database. Unfortunately it was downwards once the concept was widely recognised, but so it always is. Between the millennium and the end of 2002, the collapsing global technology bubble cost investors 61% of their money. The only country to perform worse was tiny Greece. The great deb...