Some good news for the US Market and betting on the future
naked capitalism: Mirable Dictu! Global Investors Overweight US Stocks: "The US is emerging as the one bright spot in the global gloom, despite the credit mayhem. A net 7pc of investors are overweight in US equities, clearly betting that most of the bad news is already in Wall Street prices. The figure was negative in May.....
'The US has now become the country of cheap manufacturing. You've got 20pc wage inflation in emerging markets so FDI (foreign direct investment) is flowing back there,' said Karen Olney, Merrill's chief European equity strategist."
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