Subject: Re: Jim's bottom detector
I sold about 96% of my US stocks a couple of weeks ago, and sold all the US dollars too. It's a personal thing, but I would not visit the US if you paid me. Everyone I know has cut back their patronage of US retailers and goods by, say, 30-50% or more. My point is that it seems likely that I and my acquaintances are not the only ones in the world with that stance, and it seems unlikely to change within a decade. From a macro point of view, what are the possible consequences for US equity prices? Never rule anything out.

It should not have come to this. Such a sad mess.

I'll be traveling to New Zealand in a few weeks for a month-long visit. It will be interesting to see what the Kiwi view of the US is, though I can easily imagine it.