I’ve got some good news for you and some bad news. We’ll get the bad news out of the way first. Using the ratio of total market cap to GDP, the U.S. equity markets are looking expensive again. This metric — which is one that Warren Buffett himself claims to use as a general gauge of market valuation — suggests that U.S. stocks are priced to return a measly 2.1% per year going forward. The good news, however, is that many of my favorite international markets are priced to generate fantastic returns going forward. Spain — which I wrote about last week — is priced to deliver returns of 11.4%. Singapore is priced to deliver returns of 16.7%.
http://tinyurl.com/nk6h7sv
General Motors Co., the Detroit-based car maker that counts China as its biggest market, will open a new headquarters in Singapore to oversee markets including Southeast Asia and India. The offices will open in the second quarter of 2014 with Stefan Jacoby, an executive vice president, overseeing about 120 employees, the Detroit-based company said in an e-mailed statement. The operation, currently based in Shanghai, will also direct businesses in South Korea, the Middle East, Africa, Australia and New Zealand, according to the statement.
http://tinyurl.com/of7wl8p
