Confidence around the world growing

The global confidence by country shows more clearly what we already know. The advanced economies are in a malaise. The only countries which are showing a flat rise in confidence are the United States, France and Germany. The only regions which are below average are the United Sates, Japan and Europe with the addition of some selected countries like Taiwan and South Korea who were affected by steep declines in exports. Most of Asia is positive and getting more optimistic.

No wonder the recovery is occurring in the developed world. This is still the place to be for longer-term currency plays.