Stanford's Investing Perspective

Sir Allen Stanford,CEO of privately held Stanford Financial Group,which manages 50 billion dollars U.S.,thinks Brazil is an incredible place.It is self-reliant in energy.There is a housing boom.Its bank stocks look good.Brazil will be an incredible place well into the future.As for the U.S.,he says it is a 10-12 year proposition for an investor.In the U.S.,the dollar is low and there's a credit crisis,while a billion dollars a day is being spent on the Iraq war.It's pretty spooky,he said.The Stanford Financial Group stayed out of subprime securities because they couldn't understand what the risks really were.You really wonder what was going on in people's minds,the forthright executive observed.Mr.Stanford likes Russia,India and China-in that order.Russia is flush with money,he noted.