JAPAN UP--CANADA AND MOST OF THE REST DOWN!
The Japanese economy made the news today; the malaise that started in 1989 may finally be over. In the meantime, the world economy is slowing. Canada grew at only 2.3% the past quarter while Germany, France and other European countries are in or near recession.
Now-a-days, the worlds economies are closely linked. There is a much higher relationship than in past years. This means that as Europe lowers short interest rates to stimulate their economies, the FOMC will have room to lower US rates without currency concerns. The US dollar has strengthened in recent weeks while the Eurodollar is reeling.
The bottom line is that declining interest rates will boost corporate profits and demand for stocks. US stocks owned by Europeans will increase sharply.
THE BULL MARKET IS HERE!
The Japanese economy made the news today; the malaise that started in 1989 may finally be over. In the meantime, the world economy is slowing. Canada grew at only 2.3% the past quarter while Germany, France and other European countries are in or near recession.
Now-a-days, the worlds economies are closely linked. There is a much higher relationship than in past years. This means that as Europe lowers short interest rates to stimulate their economies, the FOMC will have room to lower US rates without currency concerns. The US dollar has strengthened in recent weeks while the Eurodollar is reeling.The bottom line is that declining interest rates will boost corporate profits and demand for stocks. US stocks owned by Europeans will increase sharply.
THE BULL MARKET IS HERE!
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