Looking for a turnaround story in emerging market equities that is decoupling from the general deterioration in the asset class seen over the last months? The Market Vectors Vietnam ETF (VNM) might be worth a deeper look.As most emerging markets, Vietnam was severely hit by the global financial crisis in 2008/09. As in many other emerging countries, the rapid pre-crisis […]
I would say there is no pleasing some people, but that statement is incomplete; a better assessment is that there is no pleasing people in general and people eager to shift responsibility in particular. Take the nonstop complaining by receivers of the dollar carry trade after the launch of QE in March 2009. Political leaders — a class well-versed in […]
Adding to the sour mood was a sell off in emerging markets, with some impacted by the broader sell off, such as Mexico and Chile, and others reeling on their own stories, like Argentina, Turkey and Brazil. Brazil was impacted by China but also negative comments from Pimco on its finances. (Read more: Brazil’s Rousseff tries to woo […]
Happy New Year! For the first time since 2008, we investors, economists and businesspeople say these words without irony. While last year was statistically disappointing, with global growth slowing slightly from 2012 and apparently belying the optimism expressed here last January, the verdict of financial markets and business sentiment has been much more consistent with my predictions. Despite the apparent […]
Twitter slips as sentiment sours
Last updated 15:01 03/12/2013
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[…]
Robert Shiller, 2013 Nobel laureate in economics, told a German magazine sharp rises in equity and property prices may signal a dangerous financial bubble, which could have an extremely bad end.
The Sterling Professor of Economics at Yale University, who
shared the Nobel Prize with two other Americans for research
into […]
