Tuesday, July 10, 2007
Americans should invest abroad - Wasik
Writing in Bloomberg yesterday, John Wasik considers how Americans should invest, since homes, equities and bonds all seem poor value. He recommends high-yielding foreign (i.e. non-US) equities, something Peter Schiff (Crash Proof) has been tipping for quite a while. This, he thinks, will provide yield but also hedge against further falls in the dollar's exchange rate.