Fun With Numbers

Puru Saxena was on CNBC Asia on Monday morning. He usually has a couple of interesting data points and this time was no exception.

Although he did not cite his source he said that there is $50 trillion in stocks and bonds around the world and only $200 billion invested in commodities. Along the same lines there are 35,000 stock and bond mutual funds in the world and only 500 commodity funds.

These numbers, he believes, support his long term thesis that financial assets are doomed and that commodities will be the asset class of choice for the foreseeable future. He did say that the dollar and US market are both oversold right now and short term could be in for a bounce.