Sometimes we focus so much on our own situation that we forget there is a whole wide world out there–and lots of investment opportunities. A chart that was eye-opening for me appeared recently on Dr. Ed’s Blog, written by the estimable Wall Street economist Ed Yardeni. Check it out:
Source: Ed Yardeni (click on image to expand)
Ok, so the developed world isn’t really boosting oil demand. There could be a lot of reasons for that besides a lack of economic growth: conservation, increased efficiency, substitution of other energy sources, etc. But emerging markets—wow! The financial crisis was barely a blip in oil demand.
Money will go wherever it is treated best–and it tends to seek out growth. Markets are global and your portfolio should be too.
