The U.S. dollar is on painful path of collapse. I’ve dubbed this the “pesofication” of the U.S. dollar.
If you’re like me, you’ve been invested in mining companies or oil producers the last couple of months because you expected a return to the strong commodity prices of early 2011. But if that’s the case, like me, you’re hurting.
The 2008 collapse of Lehman Bros ignited a financial meltdown that resulted in widespread bank failures and caused the Dow to lose 18% of its value in just one week.
Successful overseas investing all comes down to the “integrity” of each country’s business system. You can get a good idea of this by looking at the Transparency International Corruption Perceptions Index, which is published every year.
The U.S. debt crisis became even more urgent when Standard & Poor’s finally downgraded its outlook for U.S. debt. Of the 17 countries that S&P has rated AAA, the U.S. is the only sovereign that carries a negative outlook.
India has great long-term prospects. No doubt about it. Indeed, India has enjoyed very decent growth rates for the last decade, pulling many of its people out of poverty in the process. But investing in India can be tricky, as I will show.