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Open original source ↗A friend working in the space sector suggested I replace my long-standing use of ROW (Rest of World -- see below) with ROE (Rest of Earth).
The problem? For many of us, ROE stands for Return on Equity.
Does anyone have suggestions for an alternative?
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These are the quoted author’s words.
ROW: Long US equities, less so Treasuries: As reported by the FT, "foreign investors made a record $942bn in net purchases of US equities and investment fund shares in the 12 months to July, accelerating a shift in overseas investment towards American stocks and away from debt. The flows represented the highest rolling 12-month total in Treasury data going back to 1985." #economy #markets #stocks #bonds @ft
elerianm ↗