Where to put your money

Simon Brewer, Chief Investment Officer of Morgan Stanley, likes oil, gold, and Asian equities better than US equities and the dollar. Gold is a good hedge against possible declines in US stocks and currency; the US has too much debt, poor demographics, and is overvalued.

He likes oil because of increasing demand in India and China. He likes Asian stocks because the valuations and demographics are better than in the US.

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