Brazil has envious debt service costs – just 22% of household disposable income. And private credit will reach 58% of GDP this year, up from 25% in 2005. But huge cracks are forming in Brazil’s economic foundation.
The BRIC group of countries had a glorious run. Investing in them now is about the worst thing you can do to your portfolio. And I’m going to tell you why right now. But, first, I have to give Goldman Sach’s Jim O’Neill props for inventing the group and coming up with a catchy acronym to boot.
Andrew Gordon says that One Move Can Kickstart China’s Slowing Economic Engine into Hyperdrive.
The old conventional wisdom: If you can stomach the risk, invest in the unstable and unpredictable but potentially highly profitable emerging markets.The new conventional wisdom…
Stocks in the emerging markets did terribly last year. They plunged 22% compared to a flat S&P 500. So how about this year? When will the emerging markets stage their next big rally? I track one sign more than any other. And it hasn’t let me down yet. It’s when these countries
Did the biblical story of Joseph and his dream predicting seven years of plenty followed by seven years of famine anticipate a modern market pattern of up and down years that emerging markets seem to be following? Seems like a fascinating premise. Beginning in 1975, there’s been a pattern of seven years
Americans are gruff and loud. They don’t say thank you. And they refuse to speak your language…even the basics of hello, good-bye and thank you. How do I know this? I read it in the foreign press. You can argue against this stereotypical perception of the “Ugly American” until you’re blue in
Budgetary considerations forced the US government to remove its ethanol subsidies. All I can say is, ‘bout time. The Renewable Fuels Association (RFA) protested. And Brazil rejoiced. And days after the US government also scrapped import tariffs (mostly aimed at Brazilian exports of ethanol into the US), Brazil’s state development bank announced
