Emerging Markets

This one from the Former Merrill Lynch Chief Investment Strategist Bernstein seems to be making the rounds. Hat tip Barry Ritholtz. Here's where I first noted that Richard Bernstein had turned bullish: Bernstein added that one wants to…

by Win Thin Ratings news from EM stands in stark contrast to what we’re seeing in the developed world. Yesterday, Uruguay was upgraded two notches. Today, S&P moved the outlook on Thailand’s BBB+ rating to stable from negative, noting…

Moody’s upgraded Uruguay two notches to Ba1 from Ba3 previously, bringing it into line with S&P’s BB+. We recently added Uruguay to our sovereign ratings model universe, bringing the total number of EM countries ranked to 39. As we…

by Marc Chandler India's Finance Ministry raised its economic forecast for the year ending March 31, 2011. Back in Feb it had forecast 8.25%-8.75% growth and today increased that forecast to as much as 9.1%. Ironically, the increase in the…

Moody’s downgraded Hungary two notches to Baa3, matching the BBB- ratings by both S&P and Fitch. Our model has long put Hungary at junk status, and we note that its implied rating deteriorated further in our latest round to BB/Ba2/BB…

In the following post I list a number of risk factors which I believe investors should give serious consideration, but I do not for one second pretend for that list to be exhaustive. Neither should you read anything into the order of which…

Moody’s put Indonesia’s rating on review for possible upgrade. This is a stronger statement than the June move to positive outlook on the Ba2 rating (equivalent to BB), and we think an upgrade will be seen soon. Indeed, the agencies are…

The debt overhang in the developed world has lowered aggregate demand globally. As developed economies compete over a dwinding pie by moving toward a policy of economic nationalism, investment opportunities will dwindle. Bill Gross advises…

by Win Thin The won has been one of the worst performers so far today due to developments in the Korean peninsula.  Clearly, North Korea is trying to make a statement to the West with its recent saber-rattling, and reports of the…

Emerging markets are seeing a lot of imported price pressures, causing their economies to overheat and increasing food price pressures. Rahul Bajoria, regional economist at Barclays Capital, sees strong food price pressures in the…