Two months ago, I wrote about how AI infrastructure spending was following the exact playbook of the fiber optic bubble—revolutionary technology paired with catastrophic overbuilding. Well, this week delivered something even more telling.
Ask someone to prove that stocks beat gold, and they'll inevitably pull up a long-term chart showing the S&P 500 crushing gold. Case closed, right?
What's really behind Powell's rate cut hesitation? The answer isn't found in employment statistics or inflation readings.
A tale of two bubbles, separated by 25 years and united by the same spectacular blindness to efficiency.
The combination of reasonable valuations relative to growth prospects, ongoing recovery in Asian economies, and potential currency tailwinds creates multiple drivers for Asian outperformance.