I’m looking to diversify my stocks out of North America, but discount brokers (that I know of) only have North American stocks. Anybody know how to buy European/other stocks easily and at low transaction costs?
The Cdn $ has increased from 62 to almost 82 cents US during Bush’s administration. US current account debt is negative in the trillions as is the deficit. The only thing keeping US from a huge recession is consumer confidence – they continue to spend. If this confidence deteriorates, the slide will be fast. As the US continues to accumulate huge debts, foreign money lenders will have increasing influence over decision-making in the US. With the aging population, the US, like other countries, will have fewer tax-payers relative to non-taxpayers (both young and old), making government assistance a non-viable option.
When the crash comes, if it comes, we in Canada will be right behind, as will some of the world. So I want to go international into the strongest economies and those most likely to survive a major downturn. I heard both presidential candidates say they would cut the deficit in half. Reminds me of Ronald Reagan: “Well, with half of the budget we’ll give tax breaks, with half of the budget we’ll increasing military spending, and with the other half, we’ll pay down the deficit.�
Any risk management advice?
The Cdn $ has increased from 62 to almost 82 cents US during Bush’s administration. US current account debt is negative in the trillions as is the deficit. The only thing keeping US from a huge recession is consumer confidence – they continue to spend. If this confidence deteriorates, the slide will be fast. As the US continues to accumulate huge debts, foreign money lenders will have increasing influence over decision-making in the US. With the aging population, the US, like other countries, will have fewer tax-payers relative to non-taxpayers (both young and old), making government assistance a non-viable option.
When the crash comes, if it comes, we in Canada will be right behind, as will some of the world. So I want to go international into the strongest economies and those most likely to survive a major downturn. I heard both presidential candidates say they would cut the deficit in half. Reminds me of Ronald Reagan: “Well, with half of the budget we’ll give tax breaks, with half of the budget we’ll increasing military spending, and with the other half, we’ll pay down the deficit.�
Any risk management advice?
