Mexico Leading the World
Most people won't be surprised to learn that Mexico is leading the world in drug/gang related deaths over the last few years. Some 28,000 people have been killed since 2006 and 11 majors have been executed just this year. What would surprise everybody including myself is the Mexico stock market has lead the world recovery since its peak in 2007/2008 from the financial crisis. In fact, as of yesterday, Mexico was the only stock market to recover its complete losses and post a new high. This while the US stock market is down some 27% from its all time high at the peak in October 2007. More proof that US investors remain too focused on the domestic market and oblivious to the opportunities around the world. Its also another sign that all assets have a price at which they become attractive. Doesn't matter if tourists might not feel safe in the country anymore, as long as the country is capable of producing more goods. Also with the increase of power in Asia and rise in transport...