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Who’s Afraid of Emerging Markets?
China is the new Germany.
At the end of the Second World War, Germany was an “emerging market.” It was industrializing rapidly and producing brisk economic growth. Today, Germany is a mature “developed market” that grows slowly if it grows at all. Today, China is the new Germany. The industrial dynamism that produced Germany’s post-war success is moving to the East, piece by piece.
The Ruhr Valley was the heart of Germany’s industrial might. For more than 200 years, the smokestacks in this northwest corner of Germany pounded out the steel and iron that would form the backbone of the nation’s industry.…
6Jun2008 | The Penny Sleuth | Comments Off | ContinuedGermany: Warren Buffett Likes It, And So Do We
Investors have been watching Berkshire Hathaway Inc. (BRK.A, BRK.B) Chairman Warren Buffett’s moves for years to see which investments are going to take off next.
Back in October, the Oracle of Omaha’s trip to South Korea encouraged our own bullishness on that country’s stock market.
And now Buffett has decided to have a look at Germany.
On a recent trip to Europe, Buffett made stops in Germany, Switzerland, Spain and Italy. But his first priority was to meet with leaders of the German mittelstand – the family-owned, medium-sized companies that are the backbone of the German economy.
“We would like…
21May2008 | Money Morning | Comments Off | Continued
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