Thursday, June 14, 2007

Where’s the economy going?

All over the world, stock markets have enjoyed an incredible few years, and seem to be maintaining their momentum. Why is that? It seems to me that the global economy has become a “de facto” situation and that all publicly traded companies are so globally intertwined that they can only benefit from the growth that is occurring in Asia, in the entire Europe and in the Americas. Will that last? Quite probably; this trend may go on for decades as room for growth is enormous outside of all industrialized countries. Let’s also hope that someday, Africa will be able to join that prosperity. Of course, there may be a few “hiccups” along the way, like geopolitical unrest, terrorist actions and the like, but by and large, I see the growth staying with us for a fairly long time…

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