I'm convinced that most people never learn anything at all. Retail investors are desperate to pick up nickels in front of steamrollers in their insane chase after yield. Look at the money jumping into emerging market stocks that pay sky-high dividends.
It's too bad the party won't last. China's growth has finally slowed to single digits. Now all Chinese companies have to do is pay huge dividends to keep FDI flowing in.
Thanks for the never-ending macro "put," Helicopter Ben. Your ZIRP is forcing know-nothing investors to price the rest of us out of emerging markets.
Full disclosure: Long FXI with covered calls. No position in IWM.
It's too bad the party won't last. China's growth has finally slowed to single digits. Now all Chinese companies have to do is pay huge dividends to keep FDI flowing in.
Thanks for the never-ending macro "put," Helicopter Ben. Your ZIRP is forcing know-nothing investors to price the rest of us out of emerging markets.
Full disclosure: Long FXI with covered calls. No position in IWM.
