"Anheuser-Busch Takes InBev Offer." Urgh. Difficult to even type that. I sat down with a highly successful money/headge-fund manager today. His perspective was that the US economy has a fundamental problem--the savings rate (-20%...so people spend 120% of what they earn).
And the savings rate comes from the attitude towards consumption in the US. Consumerism is the most popular past-time in America. And if nobody is saving eventually things will end up hitting a wall. The current global macro-environment is accelerating the pace of the American economy hitting a wall. In his words, "It's invigorating. It's the end of an empire."
I suppose to be a fantastic macro investor (where you bet on countries and economies) you have to be a "world investor." Some people have to know the health care market works, but a true macro-investor has to basically be able to have a mental understanding of how the world works. Odd...as understanding how the world works is basically the mission of many eastern religions.
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