You know what sells best in America? Fear.
If you have been noticing the Dow Jones Industrial Average for the past five days, you will notice the dramatic decline. If it wasn't the fear of the U.S. economy slowing, it is the fear of Europe slowing. Then there was the French and Greek election turmoil. Now it is the edge of the fiscal cliff which may come up in December.
The common theme in all of this is fear! Fear of the world falling apart here, there or everywhere.
Last Friday, we had the unemployment circus in town. Once a month, we have the dog-and-pony show, where the market gets all lathered up and drive the stock markets up or down in billions on a fake number. The unemployment number is highly manipulated and has very little to do with reality. For example, this latest data showed us that the country had gained 115,000 new jobs for last month. What the media doesn't tell us is about the hidden model which generates its own estimate of jobs growth. The Birth Death rate model (reported discretely by the Bureau of Labor Statistics) added 206,000 ghost jobs to the headline 115,000 number. The birth death rate model is assumedly a predictor of how many jobs should have been created that the surveys did not get to.
In other words, Uncle Sam says: “Trust me, we created a whole set of jobs that no one knows, but believe me it did happen.”
Another story that is very popular is that of bad guys and terror around the world. One again, is selling fear to drive the agenda of the day.
If the Western media is to be believed, wherever Islamics and Muslims live, we have rampant terrorism. The media makes us believe that we have terrorist running around bombing nightclubs that westerners frequent. That is quite the contrary to the reality.
Take the example of Indonesia.
Jakarta, Indonesia's capital city is a modern, sophisticated metropolis populated by friendly, tolerant people of many cultures and religions. The world's biggest Buddhist temple is in Indonesia. There are more Christians here (28 million) than the entire populations of Australia and New Zealand combined.
There are more registered users of Facebook than in almost every other country in the world! Not exactly the hotbed of ultra-conservative Islam.
Indonesia is already the third-biggest market in Asia after China and India, with 240 million people. In seven of the past eight years, its economy has grown by more than 5 percent. On current growth rates, it's doubling every 11 to 12 years.
"Growth slows in 1st Quarter," read the headline in the paper this morning.
Yeah. From 6.5 percent the previous quarter, to 6.3 percent in the quarter ended March 31st. Most importantly, it's already almost a trillion-dollar economy. About 50 percent of the population is under the age of 30 and yet to enter their peak working and consuming years.
The ratio of people under the age of 30 in India is 60 percent. Yes, India is slowing these days. Slowing to 7 percent or maybe even 6.5 percent. Should one really be afraid of that?
So let us not get caught up in all the hype of buy stocks in America and be shepherded like a herd of cattle being taken to the slaughter.
It is time to separate the facts from the chaff, get going and make some forays into investing where the real growth is. Asia is your destination for your investment dollars.
© 2015 Newsmax Finance. All rights reserved.