Oil-Rich SWF Countries Also Feeling Some Pain [View article]
Probably the drop in oil and expectation that oil will continue to do so in the future. Doubtful if Saudi Arabia can organize OPEC and really get them to cut production, and even if they do, then they are just selling less.
An interesting aside though, is that maybe we are all investing in the wrong areas.... Sure, the world as we know it is tanking, but look at these markets (Courtesy of the heatmap at Emergeinvest.com, which is a nice site for emerging market commentary... ). These are the years returns for smaller markets... Kinda makes you sick, doesn't it. Trinidad and Tobago did better than the USA? Luxembourg? Good God!:
Ghana GSE Index +89.57% Tanzania +58.62% Malawi All Share Index +35.86% Tunisia Index +25.15% Costa Rica BNV Share Index +14.29% Trinidad & Tobago +12.54% Zambia Lusaka All Share Index +8.32% Palestine AL-QUDS Index +6.31% Bangladesh All Shares Price Index+4.42% Luxembourg General Price Index +1.67%
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Probably the drop in oil and expectation that oil will continue to do so in the future. Doubtful if Saudi Arabia can organize OPEC and really get them to cut production, and even if they do, then they are just selling less.
Oct 11 16:46 pm
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All Comments by Urbane Gorilla! »Oil-Rich SWF Countries Also Feeling Some Pain [View article]
An interesting aside though, is that maybe we are all investing in the wrong areas.... Sure, the world as we know it is tanking, but look at these markets (Courtesy of the heatmap at Emergeinvest.com, which is a nice site for emerging market commentary... ). These are the years returns for smaller markets... Kinda makes you sick, doesn't it. Trinidad and Tobago did better than the USA? Luxembourg? Good God!:
Ghana GSE Index +89.57%
Tanzania +58.62%
Malawi All Share Index +35.86%
Tunisia Index +25.15%
Costa Rica BNV Share Index +14.29%
Trinidad & Tobago +12.54%
Zambia Lusaka All Share Index +8.32%
Palestine AL-QUDS Index +6.31%
Bangladesh All Shares Price Index+4.42%
Luxembourg General Price Index +1.67%