Tuesday, May 26, 2009

Shop Overseas Markets

Today's column was about keeping your interest in foreign stock markets. Indeed, many look a lot better than the USA and some were quite a surprise. Germany? France? Unbelievable.

We knew Asian and Latin markets were doing better.

And what's up with Australia? Looks the worst out of all the majors and don't blame deflation in a resource-based economy. Canada looks better than the US (yes, a heavy financial component but Loonies and Ozzies are considered to be resource countries).

Unfortunately for blog-ees, I cannot go into the broad market action with the Dow up 196 today. Gotta earn a living, you know, so it is reserved for the newsletter.

"Would a trial kill you?"
- Michael's mother

3 comments:

MrWave4 said...

Hi Michael,

There are few things that dont show up on the charts about my country the "Land down under" (Australia):

1/ Still have 4 (ANZ,CBA,WBC,NAB)of the top 20 +AA rated banks in the world & probably have the only investment bank (MQG) that turned in a profit. No Govt bank bailouts reqd as we have very good prudential regulations.
2/ Till the global Fin crisis we ran a budget surplus. Now in deficit (about 4.1% of GDP). All of the deficit is going to be used to stimulate the economy.
3/ Unemployment rate is still 5.4%
4/ Real estate prices are still holding up well. No major sub prime crisis here.
5/ The cash rate is at 3%. Before the Fin crisis the Reserve Bank was increasing rates.
6/ Our largest trading partner is China.(Japan & the US are next).

Cheers Mate!

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Having been a part of the Online Universal Work Marketing team for 4 months now, I’m thankful for my fellow team members who have patiently shown me the ropes along the way and made me feel welcome

www.onlineuniversalwork.com