|
Several analysts have talked about the emerging markets decoupling from the US markets. I do not believe in this thesis. I think that the globalization will continue apace. Our thesis for the next decade is homogenization. Eventually, pricing, transparency, commissions, and compliance will be very similar in all markets.
__________________
One day I had an epiphany,"This isn't the dress rehearsal!"
Last edited by admin; 9th April 2008 at 06:54 AM.
Reason: links deleted
|