Tuesday, November 25, 2014

Some financial literacy is a must in todays world

Even in the United States you're affected by what happens in the rest of the world. You need to have a basic amount of financial literacy, not only about what the U.S. economy and the Fed will do, but what happens in Europe, what happens in China, what happens in Japan, what happens in emerging markets impacts the United States through trade channels, commodity channels, financial channels.

So, I think that any intelligent, sophisticated investor has to understand this very complicated, interdependent global economy where no country is an island, not even the United States.