Markets

By Win Thin and his Emerging Markets Strategy Team at Brown Brothers Harriman India: Economic and Currency Snapshot Macroeconomic Update: GDP rose 8.9% y/y in both Q2 and Q3, and is expected to grow about 9% in 2010 and 8.5% in 2011.…

By Marc Chandler One of the fundamental characteristics of the global financial architecture is that the world’s second largest economy maintains a rigidly controlled currency.   The concept of currency wars, as initially…

by Win Thin Saudi Oil Minister Al-Naimi said that crude oil prices between $70-80 per barrel are “appropriate.”  OPEC Secretary-General el-Badri said his group would add oil output in the event of any supply disruptions, pledging…

By Win Thin Here are some more thoughts regarding a possible Greek debt restructuring, which was reported today by the Greek press. Reports suggest that the EU, IMF, and the ECB have reached a basic understanding that a Greek debt…

by Win Thin EM currencies are getting hammered in this latest bout of risk off trading, though the performance is very mixed across the asset class. Given that markets are now punishing EM currencies with weak fundamentals or where…

Frederick J. Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009) and "The Coming Collapse of the Municipal Bond…

by Marc Chandler A number of Indian banks have begun issuing Swiss franc denominated bonds, ostensibly to raise cheap funds and meet the demand in Europe for emerging market debt. Reports suggest that this is the first of such issues in…

By Win Thin Reserve Bank of India hiked interest rates by 25 bp yesterday, as expected. Reverse repo rate is now 5.5% and the repo rate 6.5%. The RBI said it will hold its mid-quarterly policy review on March 17 under the recent switch…

The Case-Shiller numbers this morning were lower than expected and confirm a housing double dip which began in July when both the Composite-10 and Composite-20 numbers peaked.  The Composite-10 is down 0.5% y-o-y and the Composite-20…

Here are a bunch of the participants from this year's Barron's Investor Roundtable discussion talking to Michael Santoli about the ideas they expressed.