This is a tune I’ve been humming all spring / summer so far.
Nice to see it going mainstream…
From Reuters:
Western European economies are spluttering to life again at last just as emerging markets cool down – confirming one of the investment themes of 2013 and questioning how much financial markets have already discounted these inflection points.
While “sell high and buy low” may be an investment truism subject to myriad valuation and policy caveats, selling equity in cresting economies while buying it in troughing ones is a pretty well-worn global strategy.
Keep Reading:
Analysis: Euro and emerging economies and equities switch tracks (Reuters)
Read Also:
Green Shoots in Europe (I can’t believe I’m saying this out loud (TRB)
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