Gerard Minack on ABC: Equities globally are looking expensive globally except for Europe, Asia and the Emerging Markets

Gerard Minack on ABC: Equities globally are looking expensive globally except for Europe, Asia and the Emerging Markets. If we do get evidence that China is missing a hard landing then Asia looks the place to be in the next 6 months. It's cheap, it's under-owned and the macro's getting better. He goes on to say that it does seem that the world is recovering and responding to economic stimulus but most places look good on zero rates, free money is marvellous.