Into Africa...
Africa with its rock-bottom real asset values may be trying to teach the world how China, India, Russia, and the Islamic world actually prefer to hold assets -- in real form rather than derivatives or financial securities. When the yen carry trade ends, the world could look very different from a financial perspective and the current 'crisis' on sub-prime mortgages in the U.S. may look like the proverbial gnat against the 900 pound gorilla,"
the report says.
on Market Watch via .
This articles follow up on the discussion on why it is becoming impossible to ignore Africa as a major participant in the global economy. Inasmuch as the attention and the goodwill is welcomed by Africans, we ought to keep in mind that the premise for the interest in Africa is that there are spoils up for grabs. I hope this unbelievable rate of returns on investment will undergo a market correction.Otherwise we would be done the second time over. After correcting for risk the returns on investment still turn up quite high. This is the draw that Africa currently possess yet it almost feels like we are offering ourselves to the world at a laughable discount.
