We're heading into a recession. You've heard about it for months, even years, what with the housing bubble, the war in Iraq, overextended consumer credit -- you name it. A recent Merrill Lynch
If these numbers are even close to reality, your next course of action should be obvious: Invest somewhere else for a while. The good folks behind that report suggest Japan, India, and Brazil as eminently suitable targets.
What's more, they expect that interest rate differences will cause the dollar to lose value against the yen, Chinese renminbi, and Scandinavian currencies, which means that even mediocre businesses in those regions should produce decent share-price returns over here, thanks to the magic of currency conversion.
Investing guru Warren Buffett seems to agree with the Merrill team. His Berkshire Hathaway
Now, if you don't feel qualified to distinguish between Toyota and Tata Motors
Even in times of domestic weakness, there are many ways to make money. That's the beauty of the global market, especially when coupled with the information-gathering power of the Internet. You could even check out our Motley Fool International Stock Report for more ideas from our best and brightest analysts. Lyckatill, boa sorte, and kouunwo inorimasu -- or just good luck, as we say here in Florida.
- Buy the world in dollars.
- We ran a World Cup of our own this summer.
- Two Fools even battled over international investing recently.
Fool contributor Anders Bylund currently holds no position in any of the stocks or funds discussed here, though he drives a Toyota with GEICO insurance. You can check out Anders' holdings if you like. Foolishdisclosure applies coast to coast.