The BRICs (and Mortar) of the New Globa…

In the early days of the American republic, fortune seekers were urged to “Go west, young man!” Unfortunately, with the American economy now clearly showing its fragility, the rallying cry for today could be, “Go abroad!” In the past quarter century, the center of wealth creation has steadily moved away from the United States and towards new foreign competitors, especially the so-called BRIC countries of Brazil, Russia, India and China, where economic growth rates have greatly eclipsed the US. In recent years, this economic might has translated into much higher returns on their respective stock markets. These movements are creating a wave of real wealth that wise investors cannot afford to miss.

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