Zeev's Turnips Patch-No Politics (ZEEV)

[KyrosL]

Hard to tell at which point during the dollar's fall US assets will start looking like bargains again to foreigners. Already a number of US companies are priced at bargain levels compared to equivalent companies abroad. For example, US utilities and power producers are much cheaper than what comparable companies are in Europe. As the dollar falls the pricing power of US companies increases, so their profits should follow and they will become more attractive. Overall, however, foreign companies still are cheaper than US.

Kyros