...No, it's not. As the mass economic hysteria continues in the US of A (you would think this was our country's 1st period in history of slow market growth!?), life as usual continues in tranquilo countries like Nicaragua.
In what may seem like and ironical twist, we have seen business actually increase noticeably in recent weeks. Why-you might ask?
The answer is simple (here it is from an ethnocentric perspective): When the market is good, people have extra cash and confidence to "take risk" and invest overseas. When the market is bad, smart investors continue to invest overseas and people who are now scared to invest domestically look for more tangible investment opportunities in growing markets.
The bonus: Now you can do the same, even if you're cash strapped. Marketwatch.com today overviews a few new programs to encourage lending in Central American, developing countries.
I'm a very patriotic person, but I also can't help but find some amusement in the fact that it may be easier for one of us "gringos" to get a loan in Latin America than it is in the US right now.
Instead of expending negative energy complaining about your fund manager who just flew the coop making off with the last 10 years of your bond earnings, maybe look south of the border to make up some of that lost ROI?
You could be staring at a palm tree instead of a red balance sheet...
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