Is The U.S. Still The Best Place To Invest?
Although there were a few emerging markets that performed better than America in 2014, among developed economies, no one came close to the performance of U.S. equities.
Ron Insana, CNBC contributor and Marketfy Maven, recently discussed why the U.S. is still among the best places to invest in the world. He also discussed the Fed.
Is The U.S. The Best Place To Invest?
Speaking on CNBC, Insana replied: “I still think so; I mean I am going to stay with the 'Fortress America' theme for as long as it works.
"I don’t like emerging markets. Europe could be interesting if Mario Draghi pulls out the Bazooka, but if he doesn’t on January 22, at the next ECB meeting, it could be a big disappointment," he said.
Insana continued, “There are seven countries around the world with interest rates higher than the U.S. and they include places like India, Brazil, really a handful of countries.
"Counter them to Europe. Across the board it's below the United States. Look at Switzerland, Sweden, places like that; they are going negative...you [have] to pay the government if you want to lend them money, which is a little scary when it comes to deflation.”
Are Interest Rates Going To Rise Any Time Soon?
“I wrote a piece several months ago saying why rates are not going up at all in 2015 -- why the Fed won’t move," Insana explained.
"I think to a certain [degree], the Fed may want to move, they may try to move, but there is deflation oversees. You look at what’s happening in Japan, you look at what’s happening in Russia, you look at what’s happening everywhere else in the world and it’s weakness. It’s not strength."
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