For another picture of the big "Asia up, the West not so much" trend you need to watch for the next 20 years, we look at Malaysia…
Like Singapore, Malaysia sits in the crossroads of Asian trade. The giant markets of Australia, India, and China are all a short distance away. But unlike Singapore, Malaysia is not a global financial hub. Malaysia is a major producer of natural gas, timber, palm oil, cocoa, and rubber. Manufacturing and tourism are also big drivers there.
Look at the stock chart of Germany, France, Spain, the U.S., England, or Italy and you'll see a bearish series of "lower highs and lower lows." As we saw yesterday, that's not the case with Singapore… and it's not the case with Malaysia…
Below is the past 18 months of price action in the major Malaysian investment fund (EWM). While stocks in the West are taking a beating, this fund is enjoying a bullish series of "higher highs and higher lows" and sits near a yearly high. This is more confirmation that the bloated, socialistic welfare states of the West are losing ground to the hard-working, "can do" savers of the East… a heck of a change from 50 years ago.
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