It is hard to be upbeat towards Western economies right now, with so much bad data coming out of the US, and the eurozone struggling to hold itself together. Indeed, people could be forgiven for thinking that the West is down and out. However, this could be premature. One of the charts that has intrigued… [Read more]
While my colleagues at Business Monitor believe developed-state equity markets will outperform EM equities in 2011, they still believe it is still too early to call the end of the EM equity rally, and I tend to agree with them. True, many Latin American bourses look expensive, and this contrasts starkly to developed states, where… [Read more]
As my colleagues and I muse on our top themes for 2011, following on from our successful top ten themes for 2010, one view taking shape is that developed state equity markets will outperform their emerging market counterparts next year. Though I continue to see gains for many emerging market bourses in 2011 (BMI retains… [Read more]
Over the past several weeks we have heard about the gloomy outlook for consumer demand in developed markets. Household deleveraging in the US and the growing debt crisis in peripheral eurozone states suggest that a return to robust demand levels will be hard to come by. In this context, we examine the outlook for the… [Read more]
In an era where a global financial crisis has been caused not by developments in Russia, South-East Asia or Argentina, but by banking insolvency in the United States and sovereign default risks in a eurozone member state, namely Greece, our panel of senior commentators discusses what it means to be an ‘emerging market’. Justin Patrie,… [Read more]
Suggestions of a technical default on November 26 by UAE-based Dubai World have sent shockwaves through the financial world. Not only are creditworthiness concerns reaching boiling point, but global equity markets, too, seem to initially have gone into panic mode. Business Monitor’s Liz Martins and Terry Alexander discuss the implications of a debt default by… [Read more]
Although everyone is talking about inflation right now, when we look at developed markets, we see reason to believe that 2009 in fact heralds a period of deflation. After all, when you strip out oil and food prices, there is not much inflation around. For example, core inflation in the US has remained steady at… [Read more]
