Have you thought that a robust growth of GDP and industrial production must be accompanied with an adequate growth in stock markets? Think twice. First look at the chart showing industrial production since 1995:
Cool, isn't it? Investing in Asian emerging markets (denoted as "asiatische Schwellenländer", sorry for having used the German caption) must have brought huge returns, right? Sorry. Wrong.
While much of manufacturing is done in Asia, it's developed markets, where profits margins are accounted for and where dividends are paid (or where cash reserves are managed). That's why USA beats the eurozone and both beat emerging Asia. That's the reason why amateur investors foolishly believeing in the story of BRIC and other emerging markets have been bitterly disappointed.
A white male with some professional experience in finance and investing.