Where Do I Park?

A lot of people have predicted a decline of the US dollar. Warren Buffett and Berkshire Hathaway tried to time the market and sell the dollar short, incurring a few losses. With a slowing economy and rising interest rates, a lot of people are beginning to believe the same thing.

I don’t want to try to time the market, but I think that it is reasonable to expect that there will be an intermediate decline in the US dollar. On top of that, the overseas stock markets seem to be a better value than the US markets, in terms of growth and price-to-earnings multiples.

I was thinking about purchasing something in a BRIC fund. The Economist ran a front page article about how India’s economy looks like it is overheating. I was investigating ETFs that invest in China, but it looks like China may face quite a bit of trouble as well.

So, I have decided to pull a page out of Jim Roger’s playbook and hold off until after my trip to France. I wonder if Sarkozy can implement some substantial reforms once/if he is elected president.