Alex_G

A Meltdown in Emerging Markets?

Hey Chen,

Not a wild guess. 4x as much energy to produce a dollar of GDP. Fact. subsidizing energy costs. Fact. Manufacturing based economies are more energy intensive. Fact. Why is Brazil down 10% and Shanghai down over 50%?

I've been following the emerging markets for over 15 years and made a lot of money in these markets. The only ones I've been in since late September are latin america, eastern europe and a very small India position.

Watch what happens to energy subsidies in China after the Olympics. There might well be energy price protests.

Alex