The Optimist
So, while reading the ever optimistic Bill Gross via a Fortune article he pretty much states to invest internationally with strong economies and currencies because of the potential crappiness of our banking system.
“The shadow writes, and having writ will move on to new sources of wealth creation in faraway corners of the globe. Go with it”
While reading this article, I kept thinking of an earlier post I wrote about US companies benefiting from a weak dollar and strong global economy. See post. All these plays are still valid: KO, NYX, MCD, GOOG, GS (although this is inlcuded in Bill’s shadow world); and stocks that I left out… MA, MSFT, CSCO etc. Obviously this goes with his theme, and an easy way for US ’small boy’ investors (like me 
) to invest globally.
For the record, I do not think our banking system is crapy. I think it is innovative and certain use of derivatives are needed to provide the flexability required in today’s global economy. There just needs to be discipline. Credit agencies need to mean something, as well as checks and balances at the consumer level to prevent fraud, so that the investor level can have confidence and the needed data to provide money. But obviously much smarter and proven people are calling the system crap, in a time of crappiness, so I don’t expect my point of view to mean anything.
