Anheuser-Busch merger is evidence of cheap US equities and prosperity

Although now portrayed as a friendly merger, the unsolicited bid for Anheuser-Busch by Belgian-based...

Although now portrayed as a friendly merger, the unsolicited bid for Anheuser-Busch by Belgian-based brewer Inbev is viewed by some commentators as evidence that US equities are cheap compared with their international peers. Our analysis reveals there are some excellent companies in the US and, as Warren Buffett said in this year's letter to shareholders: "Despite our country's many imperfections and unrelenting problems of one sort or another, America's rule of law, market-responsive economic system and belief in meritocracy are almost certain to produce ever-growing prosperity for its c...