Two summits, both held in Russia this week, signal the collective desire of BRIC countries to rebalance world economic and political power away from the United States in their favour. One of the summits was the inaugural meeting of the BRIC (Brazil, Russia, India, China) group. The other was the ninth annual meeting of the… [Read more]
‘What happened to the ‘sell in May’ brigade?’ is the question on Risk Watchdog’s lips today. They certainly haven’t shown up across the Emerging Markets (EM) equity spectrum, going by the massive gains enjoyed across the board of late. Take the BRICs, for example, where year-to-date performances have been nothing short of spectacular… Heading the… [Read more]
One thing I’ve been trying to get my head round lately are long-term economic growth forecasts out to 2050. The best known of these are produced by Goldman Sachs (see Dreaming With BRICs: The Path to 2050), but other investment houses have them too. Having pored over these over the bank holiday weekend, I have… [Read more]
As 2008 comes to a close, the much-hyped BRIC (Brazil, Russia, India, China) economies are looking increasingly troubled. The only question is: which will fare best? (In the 2009-10 timeframe, not by 2050.) Perhaps ‘best’ is the wrong term. Chances are, for example, that China and India will grow faster than Brazil, but not without… [Read more]