Global Investing Errors


Global investing errors are often made because most educational systems are closed and create prejudices in our frameworks of thought.

These prejudices taint our view. Rose colored glasses in reverse.

Take for example an article you might read about Ecuador’s government.

The government intensified its populist appeals on Monday, responding to widespread economic anxiety and pushing the administration further from the business-friendly posture once championed here.

The President speaking on the eve of a political event issued a 12-page compendium of economic policies that emphasizes programs aiding families stressed by high oil prices, home foreclosures, costly student loans and soaring health care premiums.

In public appearances the government took aim at hedge fund managers, oil company profits, drug company subsidies and trade agreements that encourage companies to export jobs.

He told an audience this is “a chance for all of you here to help take our country back.

“We need tax breaks for the middle class, not for the wealthy and the well-connected, We’re going to rein in the special interests and get the giveaways and subsidies back into your pockets.”

Now be honest with yourself and consider what you feel about investing in Ecuador after reading this article. Perhaps prejudices that you have been given about Latin countries have tainted your view about populist governments here.

That article above was not real…it was a slight alteration of an article published last week in the New York Times.

Here is the actual article:

“Senators Hillary Rodham Clinton and Barack Obama intensified their populist appeals on Monday, responding to widespread economic anxiety and pushing the Democratic Party further from the business-friendly posture once championed by Bill Clinton.

“Mrs. Clinton, speaking on the eve of the Wisconsin primary but looking forward to primaries in Ohio and Texas on March 4, issued a 12-page compendium of her economic policies that emphasizes programs aiding families stressed by high oil prices, home foreclosures, costly student loans and soaring health care premiums.

“In public appearances here and in her economic booklet, she took aim at hedge fund managers, oil company profits, drug company subsidies and trade agreements that she says encourage companies to export jobs.

“Mrs. Clinton told an audience that the Wisconsin primary and subsequent contests were “a chance for all of you here to help take our country back.”

“We need tax breaks for the middle class, not for the wealthy and the well-connected,” she said Monday morning at St. Norbert College in De Pere, Wis.

“We’re going to rein in the special interests and get the $55 billion in giveaways and subsidies they’ve gotten under Republicans back into your pockets.”

Ths was the same text. Did you feel differently about the populist aspect in the second reading?

Most educational systems leave us with a variety of prejudices. Rarely are they good. Usually they blur the truth at best.

Those who can strip away the illusions we are all given by our surroundings will see a better, brighter world filled with more opportunity.

Until next message, I wish clarity to you!

Gary

We invite you to join us March 7-9 at International Investing and Business Made EZ  which will be conducted at our Ecuador hotel. See http://www.garyascott.com/catalog/international-business-made-ez-ecuador

Mar. 10-11 Imbabura Real Estate tour. See http://www.garyascott.com/catalog/ecuador-real-estate-tour

Mar. 12-14 Coastal Real Estate tour. http://www.garyascott.com/catalog/ecuador-coastal-real-estate-tour

SAVE! Mar. 7-9 IBEZ and one or both real estate tours.
http://www.garyascott.com/catalog/ecuador-tours-savings


Related Artices

If you enjoyed this article "Global Investing Errors" you may find these related articles of interest too:

    None Found