Hello Euro

Here's some advice for our pals across the pond whose paychecks come to them in pounds and euros instead of dollars and peanuts like mine. It's time to start investing in US stocks. What you ask? Are you crazy? The US is headed into (or is already there) a recession. The sky is falling...lions, tigers, bears, oh my!

Now that you've had a second to catch your breath, let's discuss why this makes sense. It's quite simple when you think about it really. The dollar has lost significant value when compared to a basket of global currencies (i.e. the pound/euro). What that means to our pals across the pond is that they can buy US investments on the cheap right now. A nice one or two year cycle of periodic purchases into a well diversified, US equity based index/mutual fund should reward our comrades nicely as the dollar eventually appreciates and gains ground on foreign exchange rates. Not to mention this is a great way to 'harvest' some of the implied gains (and hedge the downside exposure) associated with folks who have foreign denominated cash. Now, if I could just get my employer to pay me in yen I could do the same thing.....