Most intl markets below 2012, some below 2007 level
most have drawdowns 5-10% more than US jsut in March
most currencies 10-40% lower vs US dollar from peak
so in US$ a lot of intl markets are down 60-70%
For example Australia - they just surpassed their 2007 peak in February and now 30% down so basically but they are now at levels when s&p was 1000. Or currency adjust 650
so US stock market appreciated somewhere 150% more on relative basis but A$ down 30% since then from 0.9 to 0.6. So real out performance about 200% in US$ the last 10 years
most other countries show the same dynamics
do you think it's sustainable? Can US continue generate wealth like this? Will US$ reserve status allow for runaway wealth gap in the next 10 years like previous 10 years?
most have drawdowns 5-10% more than US jsut in March
most currencies 10-40% lower vs US dollar from peak
so in US$ a lot of intl markets are down 60-70%
For example Australia - they just surpassed their 2007 peak in February and now 30% down so basically but they are now at levels when s&p was 1000. Or currency adjust 650
so US stock market appreciated somewhere 150% more on relative basis but A$ down 30% since then from 0.9 to 0.6. So real out performance about 200% in US$ the last 10 years
most other countries show the same dynamics
do you think it's sustainable? Can US continue generate wealth like this? Will US$ reserve status allow for runaway wealth gap in the next 10 years like previous 10 years?
