Emerging Markets
A Decoupled Global Economy and the Dollar
The global economy is remarkably decoupled, with the US and China out-performing…
Read MoreThe EMU Needs a Weaker EUR
In contrast to the US, which is about 80% financed by the capital markets and 20% financed by banks, the Euroland’s economy is about 20% financed by the capital markets and 80% financed by banks.
Read MoreEmerging market growth engine shifting from beta to alpha: the case of Brazil
In the past decade, the emerging market economies have essentially been…
Read MoreReaffirming Our Constructive Outlook for the Dollar
We believe that the dollar weakness seen in the last two months will likely prove to be temporary, and expect the dollar to appreciate this year, against a broad range of currencies.
Read MorePM Abe’s First Arrow Hits the Bulls-Eye
Like July 26, 2012, when Mr Draghi gave the famous Bumblebee speech, April 4, 2013, will be recorded in economic history books as another watershed in extraordinary central bank actions.
Read MoreMind the Falling BRIC
A good part of the out-sized growth in many EM economies in recent years has been propelled by a massive credit and liquidity cycle…
Read MoreFiscal Stimulus Should Make the Dollar Smile
We remain structurally and cyclically positive on the dollar and believe that the weakness experienced by the dollar since May 2020 will likely prove to be transitory.
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