“While true that markets do at times move in tandem, that doesn’t tell the whole story. In fact, it leaves out the most important part — that not every stock in the world is tied to America’s every sniff and sniffle. And true diversification means owning exposure to the companies singing from a variety of hymnals. Conventional wisdom holds that the West is the be all and end all of the global economy. Economic fright in the West, this warped theory holds, means an economic nightmare everywhere else. While there is a modicum of truth in that … it’s overblown and an excessively Western view of what’s really happening in the rest of the world.”

http://sovereign-investor.com/2013/07/18/it-isnt-all-about-the-benjamin-bernanke/

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