I have an MBA and over 25 years of experience in real estate development, stocks, bonds, finance, and forex markets. My investment approach is very simple. I find countries with the highest and strongest macro-fiscal flows and low levels of private debt and invest in them using country ETFs and ...more

I have an MBA and over 25 years of experience in real estate development, stocks, bonds, finance, and forex markets. My investment approach is very simple. I find countries with the highest and strongest macro-fiscal flows and low levels of private debt and invest in them using country ETFs and contract for difference (CFDs). I use functional finance and sectoral flow analysis of the national accounts of the nations I invest in. This is after the work of Professors Wynne Godley, Micheal Hudson, Steve Keen, and William Mitchell. Roger Malcolm Mitchell, Warren Mosler, Robert P Balan, and many others. One can analyze a country in seconds with four numbers as a % of GDP and these are G P X C where: G] Federal spending. [P] Non-Federal Spending. [X] Net Exports [C] Credit One can then derive a set of accounting identities that are correct by definition. GDP = G + P + X Aggregate Demand = G + P + X + C or GDP + Credit. GDP = GDI G and X are regularly reported in official national account statistics and one can work out P as follows: P = G + X Asset prices rise best where the macro-fiscal flows are strongest and where the private sector balance is highest. The 20-year land/credit cycle identified by Fred Harrison and Phillip Anderson is also a key investment framework that I take into account.less