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Keith Fitz-Gerald of Money Map Press on whether you should invest in stocks amid a global slowdown.
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Outside in the -- going.
Joining us now from Portland Oregon that Keith FitzGerald -- money map press our case welcome back to the show.
I'm looking at a headline in the Wall Street Journal -- read all of these headlines new signs of global slowdown.
Right now.
Eight you agree with that easy -- indeed a -- because you're international -- guy you spent a lot of time in Asia is -- really this global slowdown going on question walked out.
Yeah I think there is the question is how you define it is it is slowdown -- consumers is a slowdown in governments is slowdown a big business there's a lot of room to define slowdown but when I'm traveling in Europe yes they see it when I'm traveling in Asia yes I see it.
When I'm traveling in China not so much -- it.
Now is this the time to be investing in stocks if that really is a slow down a which have a fraud you care to name it if there is that slowdown.
Is this it's on -- -- money into America's stock market.
Let me offer this caveat.
-- America's stock market.
If everything goes to second hand basket the world will flee to dollars we are still the best looking horse in the glue factory that means that yes if you going to be investing in stock market.
This is the one you want to pick.
It comes down to how you define it upside vs downside this is where investors need to step back and say I'm not so concerned about individual stocks as -- about perspective.
Bernanke's keeping interest rates low at zero that declines have almost no upside stocks are still rewarded by initiatives American companies sitting on a trillion dollars in cash.
And I think they've got something to go to the upside be defensive but.
In stocks and we we just put on the screen of the exchange rate between the Euro and the Dalai.
It's way down I don't know how what the timeframe is but that's as low as I've seen as a long long time 125.
Against that.
That means the dollar is doing exactly what you said he would do in this crisis time the dollar is going up.
And -- position is that that in places people into American dollars.
I would those American dollars they will buy American stocks I'm I'm -- article was in the amount but I think that the way you see right.
Yes that's very close to way I see it absolutely now for a long time you've been signed the place to be.
Is big name multinational.
American corporations.
You still that.
Yes I am in what's interesting about that is.
That dollar will make them stronger.
Overseas not necessarily the companies are selling overseas but the companies like McDonald's for exactly -- our building and expanding overseas that's the difference.
You think you can get American investors the little guy back into even the big names of American stocks because that off American -- the moment.
Well I know they are and that bothers me deeply we have lots of conversations with our clients all over the world it's tough people are sitting on the sidelines.
But if you look at the biggest investors of the world the most sophisticated of our time the legendary Jim Rogers the Warren Buffett's of the world -- -- this slim family of Mexico.
They are all investing into chaos because they know that's where you pick stuff up on the cheap.
And when you do ultimately come out of this that's not only how you defend yourself that build your wealth on the other side so I would submit.
That those guys have done very well in individual investors be very foolish not to at least be cognizant of what that's at what those guys -- doing all right Keith FitzGerald.
Good stuff thanks for joining is again --
