No. of Recommendations: 1
Jim:
Bottom line, I conclude that the outlook for the US economy, US profits, and US stocks in the next 10-20 years is poor, and likely to deteriorate further.
So Jim, what is your outlook for the rest of the world economy? Materially better than the US? What would you expect to be some bright spots out there?
In the past I have done nearly nothing with international (or should I say, non-US) investing. And over the last 20 years looking backwards, I don't regret that.
But the case that "this time it is different" seems stronger than it has ever been in my lifetime.
For the first time in my investing life, I am significantly out of US stocks, ~50% still in. At the moment, the rest of my money is in cash at about 4% nominal return.
But Jim I would love to hear your thoughts: what is the best (or probably even better: what is the simplest) way for me to expose myself to any goodness that the non-US market might provide to an investor in the US?
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And do your predictions include any thoughts on AI? Up till now I've been thinking that the tailwind from AI could be soon enough and hard enough to overcome the headwinds from the US unilaterally abdicating from receiving $150 billion/month of investments from the rest of the world. Are you considering AI when you predict the successful self-destruction of Pax Americana, or does this just make things wierder?
TY in advance for any thoughts,
R:
