This is an excerpt from a blog published earlier today. Stocks,
Bonds & Politics: Initiated Positions in Two Swedish
Companies-Bought: 50 Swedbank at $23.25 and 50 SCA at $22.27/Sold 54 LXP
at $11.44 Vanguard Roth IRA-Transitioning Position to Fidelity Roth IRA
Back in the 1970s and 1980s, Japanese investors were using their weak currency to buy overpriced assets in the United States. Back in the mid-1970s, one USD would at times buy more than 300 yen and usually somewhere between 200 to 250 yen between 1980 through 1985. It really did not take much reflection to disagree with that approach. The apex of that trend was reached in 1990 with the purchase of the Pebble Beach golf course for over $800 million by Minoru Isutanai who then sold the property for a $340 million loss within two years.
Read more at Click here / www.trade4x.net
Back in the 1970s and 1980s, Japanese investors were using their weak currency to buy overpriced assets in the United States. Back in the mid-1970s, one USD would at times buy more than 300 yen and usually somewhere between 200 to 250 yen between 1980 through 1985. It really did not take much reflection to disagree with that approach. The apex of that trend was reached in 1990 with the purchase of the Pebble Beach golf course for over $800 million by Minoru Isutanai who then sold the property for a $340 million loss within two years.
Read more at Click here / www.trade4x.net
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