Thursday, March 1, 2012

The Best Asset Classes over the last 5 years

Top 3: Gold, Silver, Crude Oil
Bottom 3: Irish Equities, European Banks, Greek Equities
[From FT Alphaville]

An interesting observation:
The Spanish, Portuguese, Japanese, Italian, Irish and Greek indices are -24%, -40%, -41%, -51%,-62%, and -81% respectively. For the European countries here, these returns reflect a situation where being unable to control your response to a major financial crisis ends up severely impeding your economy and assets. The underlying problems here are not much greater than say the UK but the response has been completely different.

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