Secure Offshore Investment Fundamentals

Whichever way you look at it, the stock market fundamentalists have had a lousy couple of years, and the markets are asking them how they could possibly have got it so wrong. America’s economy is now moving into record territory with an unbroken 107-month run of growth that beats the last record (106 months, from February 1961 to December 1969).

The Dow has very nearly doubled since that historic day in December 1996 when Federal Reserve chairman, Alan Greenspan, first told the world that Wall Street was trading on “irrational exuberance”, and that the next move ought to be down. The cyclical global economic slowdown of 1998-99 simply failed to materialise, even though the Russians, the Latin Americans and the East Asians all did their best to help spoil the party.

Secure Offshore Investment Fundamentals - Appetite For Bonds

Secure Offshore Investment Fundamentals - Markets

But that’s a bit of a big statement to make this early in the day, and we’d be falling down on the job if we didn’t at least try to substantiate it. So let’s run through some of the things that seem to make today’s investment situation so different from the way things used to be. You never know, we might learn something useful.