Germany GDP -14.4% annualized
Japan GDP -15.2% annualized
Mexico GDP -21.5% annualized
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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And in Mexico the oil fields are drying up quickly, which will result in very serious economic and social problems in the near future. You could not tell that from the performance of the Mexican stock market over the last few weeks though, as it has risen strongly along with other emerging markets.