By and large Risk Watchdog likes the outlook for the global IPO (initial public offering) market. With the pipeline bulging, I expect activity to remain robust in Q4 2010 and moving into 2011. Within this realm, I especially like the outlook for new listings in the Asian theatre. Indeed, Risk Watchdog’s core view is that… [Read more]

One of the most underestimated risks facing the global economy is an outright recession in China. Almost nobody in the world of economics or finance believes that it is possible, let alone likely. However, is it really that unlikely? The CLSA purchasing managers index has already topped out in April 2010, so while China’s economy… [Read more]

Your correspondent has just returned from an 18-day odyssey through China, with the aim of having an adventure, but also with an eye for economic developments. China did not disappoint on either front. Anecdotal observations should always be taken with a large grain of salt when it comes to confirming economic assumptions, and this is… [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]