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- Indian Inflation Continues to Accelerate [view article]
- PINs and Needles: PowerShares India ETF Suffers Inauspicious Debut [view article]
- Busted: 6 Economic Myths [view article]
- Fundamental Analysis for Emerging Markets [view article]
- A Meltdown in Emerging Markets? [view article]
- Global Investing: Only 'Dead' for the Dumb Money [view article]
- India Investors Best Off Sitting on the Sidelines for Now [view article]
- A Global Game of Economic Chicken? [view article]
- Where Are India’s Innovative Companies, Products and Solutions? [view article]
- Single Country Emerging Markets ETFs, ETNs and Closed-End Funds [view article]
- Morgan Stanley: India's Best Response to Rising Inflation [view article]
- Single Country Asia ETFs, ETNs and Closed-End Funds [view article]
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- Indian Inflation Continues to Accelerate
- PINs and Needles: PowerShares India ETF Suffers Inauspicious Debut
- Busted: 6 Economic Myths
- Fundamental Analysis for Emerging Markets
- Global Investing: Only 'Dead' for the Dumb Money
- A Meltdown in Emerging Markets?
- A Global Game of Economic Chicken?
- India Investors Best Off Sitting on the Sidelines for Now
- Single Country Emerging Markets ETFs, ETNs and Closed-End Funds
- The Most Successful ETF Launches of 2008 (So Far)
- Full List of Articles »
Indian Inflation Continues to Accelerate [view article]
India WILL sacrifice growth to control inflation. That's just how the political system works there and I dont blame them for it.The key thing to note is that India is more a domestic market and does not depend on exports as much as the other BRICs.
So once oil stabilizes, the internal growth should keep it going.
Buy EPI or PIN when oil starts weakening...there should be a good bounce. Reply
PINs and Needles: PowerShares India ETF Suffers Inauspicious Debut [view article]
If Indo-US nuke deal goes through, the first company to benefit out of it will be Areva T & D ltd. ReplyIndian Inflation Continues to Accelerate [view article]
Below is another post about the rupee as a very poor performer. It quotes Bloomberg pointing out that of the BRIC countries, Brazil, Russia and China have major exports while India is running a current account deficit. Together with higher inflation, this is pushing the rupee lower.maoxian.com/archive/as.../ Reply
Busted: 6 Economic Myths [view article]
I did a check with wikipedia "Comparison between U.S. states and countries nominal GDP" which is based on IMF 2007 figures and found that the countries of the BRIC have larger (nominal) gdp than the states you mention.... since it was only a click away. ReplyBusted: 6 Economic Myths [view article]
"And with 60% of U.S. oil imported, a good chunk of those profits from high oil and gas prices are going into the pockets of governments in the Middle East, Venezuela, and Russia and not back to Texas or Exxon shareholders."Not true.
The profits do not go back to those countries and their governments. Whatever was charged by the exporting countries is already deducted as expenses before you get the profits. That's an accounting error. Are there accounting errors in other myths as well? I didn't have time to check, but someone might. Reply
Fundamental Analysis for Emerging Markets [view article]
Inflation in Spore is 1%?? Check your stats again..it is nearly 6-7%. 0.5-1% is the central bank target. ReplyBusted: 6 Economic Myths [view article]
On Myth 1: One factor that we should consider is paper loss vs real loss. On the stock market, I will guess a lot is paper loss. e.g. If I buy a stock at $1 12 months ago, it was $2 6 months ago, now it is back at $1. Yes there is an opportunately loss of $1. (too bad for the guy that brought at $2). But on the subprime, I will guess someone actually lend someone $2 and now he only getting $1 back. ReplyFundamental Analysis for Emerging Markets [view article]
Don't forget singapore. PE is 14, inflation is a shockingly low 1%, and growth is among the best. It's the new new york. A uniquely independent and mixed center of Asian business and culture and one of the most trusted markets in the world. Housing has always been expensive there and has not gone up much in the past 8 years. A fantastic place for the young and food lovers, it will continue to be a center of biomedical research and the business and cultural elite. What country has a better personality and looks so happily towards the future?Another bet similar to the Brazil play (good growth and net exporter of oil and food), Malaysia is in a similarly great situation with a 23% lower PE than Brazil and lower inflation and equal growth. Malaysia surprisingly (to me) has one of the most trusted markets in the world, better than Brazil and Australia. Malaysia also has better P/B and dividends. FSLR chose it as it's home for new high-tech solar plants. Also compare Malaysia to Thailand: similar PEs even after a recent 20% drop in Thailand, Thailand is oil-dependent, higher inflation, similar growth, less-trusted market, and current political risk. Only thing good about thailand is that it makes a lot of cars (for foreign companies) that could get sold to china. Reply
Busted: 6 Economic Myths [view article]
I calculate that $12 trillion in US real estate and $10 trillion in US equities will be wiped out. ReplyA Meltdown in Emerging Markets? [view article]
There's a disconnect here. The MS India Fund (IIF) just declared a 35% dividend (based on current fund share price of $24). Even if they declare no dividend in December - and they have paid a December dividend every year for nearly 20, that is a hell of a return even without price appreciation. Granted that that represents the past, not the future, and some economic slowdown has begun in India. But the fact remains that India is still growing very fast ahd stocks there are cheap.I don't invest with commies so I don't do China at this time. Reply
Busted: 6 Economic Myths [view article]
I don't have the numbers to calculate it. But the reduction of wealth in the US should include market equity loss and housing price reduction for all households, not the 400 billion writeoff. ReplyGlobal Investing: Only 'Dead' for the Dumb Money [view article]
1. Zimbabwe's 1600% isnt so impressive when you consider their currency has dropped faster than Spitzer's pants at a brothel.2. Lets give Bernanke the benefit of the doubt and assume he attacks inflation.. if so our currency will firm... if our currency firms how will that affect your theory??.. dramatically.. since a substantial portion of international fund returns over the last 6 years is attributed to the decline of the greenback.
3. agreed that oversees growth will be faster than domestic.... However you criticize US companies for generating all of their growth overseas when that has been the driving force behind nearly all international growth--- Exports--- take away the american consumer and tell me how much growth China will see? India et al?(substantially less than current valuations.. is my position.. right or wrong)
4. The US is a good place to put your money for one reason.... 10 years from now we will still respect the principals of Capitalism... Can you say with absolute certainty China will?Thailand? Zimbabwe?... revolutions can happen faster than you can withdraw funds... for that reason alone we should be afforded a safety premium.
-So basically-- yes globalism isnt dead... But i'd still be very very wary of over-doing it. Reply
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Global Investing: Only 'Dead' for the Dumb Money [view article]
I agree with your article whole heartedly. Forbes is nothing more than a commercial rag and cheerleader for the few American companies that still buy advertising. As for me, I bought gold stocks in 03 and sold in 07. Bought China and Pacific Tigers in O5 and sold in early 07. I'm happy with 100% returns and look to get back into Pacific slowly after the world readjusts to our profligate overspending and absurd cocky belief that our empire is anything more than a modern day paper tiger. ReplyGlobal Investing: Only 'Dead' for the Dumb Money [view article]
"If you had a choice between investing in a market where profitability was falling and the economy was in a recession, or a market where growth remains above 4% and profits are soaring… which would you choose?"I'd choose the one that has mispriced stocks within the given economic conditions. Your analysis doesn't indicate whether the stocks serving the EM economy are fairly valued or not. If an economy is growing at 7.5% and the market expects 10%, good luck. Reply
Global Investing: Only 'Dead' for the Dumb Money [view article]
Valuations are important where you invest. The economy and profits may grow but if the stcoks are at bubble levels - you may want to stay away. Chinese stocks are a very good example.Disclosure - short FXI (FXP), XLF (SKF), IYR (SRS), SPY(UYG) Reply