US Behind 78 of 83 Major Stock Market Indices; Lags Peru, Ukraine

Who’s worried about inflation? Stock markets are booming all over the world… In the United States, stocks have doubled in the last five years. That’s an annual rate of increase of 15% per year.

But the New York Times tells us that the US gain is small potatoes. Almost every other stock market has done better. Of the 83 major stock market indices, since 2002, 78 of them did better than the United States. The top performer was Peru – with an annual gain of 87.5%. Right behind Peru was the Ukraine at 83.7% and Bulgaria at 77.1%.

The stock markets highlight the differences between old economies and new ones. The places that are doing the best are the ‘emerging’ markets – where people are actually making things and selling them at a profit.

Among the “old” economies, only Germany was a top performer – with an annual stock growth of 34%. Russia rose at 43.8% per year. The Shanghai composite rose at 32.6% per year. And take a look at Vietnam! The Ho Chi Minh index rose at an annual rate of 42.6% over the five-year period.

“I spent 18 months over there, getting shot at…” says a visiting cousin. “I might just as well have stayed home…”

Bill Bonner
Markets and Money

Bill Bonner

Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind Markets and Money.
Bill Bonner

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