According to a new study from Merrill Lynch, there are 6% more millionaires today than there were a year ago. And the China, India, and Brazil had the sharpest increase in new millionaires.The number of millionaires increased by 22.7% in India last year, 20.3 % in China, and 19.1% in Brazil.The study also found that 103,320 had a net worth of $30 million or more , an 8.8% increase. "This year's report found that the number of high net worth individuals and the amount of wealth they control, continued to increase in 2007, with the greatest wealth being created in the emerging markets of India, China and Brazil."

Aaron Katsman IsraelNewsletter.com I posted yesterday about how a strengthening US Dollar could potentially benefit Israeli stocks that trade in the US. I was asked by some readers how come I think that the USD is poised for a rally? The answer…FIFO. FIFO is an accounting term that stands for ‘first in first out.’ With the global economy on the skids, the US was the first country to start having problems and with a vigilant Fed at the wheel, I think the US will return to normal growth in the next 6 months. After all, no recession occurred. The US has had no negative GDP growth quarters, and actually had a surprisingly good 0.9% GDP for Q1. Europe on the other hand, is just starting to show signs of a slowdown. I have heard analysts predicting a potential contraction of over 2% in European growth. That certainly ...

Recently I posted how international ETF stand in relation P/E to GDP (link to post). The most undervalued seemed to be emerging markets of BRIC (Brazil, Russia, India, China).World markets had turned to negative on October and have started bear market which lasts already 6 months. But major fall happened at the beginning of year 2008. I run my screen for ETF to see the leaders and laggards on YTD basis. Her you have result. ...