Members Update                                                    040707

Interest in the world's economy and stock markets is a passion for me, so for years I have read a lot about this subject. There are always changes in the world economics but in the last couple of years I have noticed a more remarkable change. This globalization movement is on fire and it is creating a middle class with buying power in the emerging markets. This middle class have the same wants' that the middle class has in developed countries. So they are buying refrigerators, washing machines, cars, scooters, DVD's, and STOCKS! This has put a fire in the international stock markets that I think has staying power.

Because of this I think there is a sea change here, not just a passing rally. Maybe the INTERNET bubble in the US (2000) was just the start of a bigger global bubble, that's what it feels like to me. This flies in the face of the theory that we began a Secular Bear Market in the year 2000, and therefore PE's will be contracting. This is not a prediction, only a thought. But if this global stock market rally continues we can make a lot of money in the process.

Some interesting reading on the global scene and how it is unfolding with economic and world events is described below in an article by  Herbert Meyer, he writes: Currently, there are four major transformations that are shaping political,
economic and world events. He goes on to describe these events.

For Herbert Meyer's full report, Global Intelligence Briefing for CEOs

Enjoy, Don