Emerging Markets

One key theme has been how well many emerging market economies have held up while the world's biggest economies slow. India's Q2 GDP report fits into that theme. The 8.8% year-over-year growth represents an acceleration from the 8.6% y-o-y…

Here's Andy Xie spinning his inflation tale of woe. He thinks western stimulus is not creating demand or inflation in the west but stoking inflation in emerging markets, causing them to overheat. Take a look. I have made a similar…

Here are today's links including a bunch of articles from the past week that I missed. The two most interesting are on India. Topic of the Day: India The world falters, India booms-T T Ram Mohan-Columnists-Opinion-The Economic Times…

Fears that the global recovery is faltering is unlikely to prevent Chile's central bank from hiking rates tomorrow.  It had hiked rates last month and the data since has been strong and economists have generally revised higher growth…

The central bank of Indonesia meets tomorrow and although pressure is building for a rate hike, officials still appear willing to resist for a bit longer. The economy is growing robustly and Q2 GDP will be out early Thurs local time and is…

From the BBH Currency Strategy Team Highlights US dollar is softer vs. the majors, as sentiment remains positive and risk on trading picks up.  Dollar is up only against JPY and CHF, which are both weaker today and finally succumbing…

Given near universal austerity measures in Europe and thoughts of the same in the US, increasingly it looks like the emerging markets are expected to do the heavy lifting to sustain a global recovery. As I said recently, "for the…

This is just in from PIMCO's Paul McCulley, who seems to have caught on to the Wynne Godley sectoral balances approach to viewing the macro economy (hat tip Scott).  He says: Double-entry bookkeeping was a great invention. It is a…

According to Ralph Atkins writing in the Financial Times last week, “the pace of Germany’s recovery is helping dispel fears of a “double dip” recession across the continent as a result of the crisis over public finances in southern European…

Often when global investors think about high yielding Latam debt, Brazil is the first country to come to mind.  And for good reason.  Brazil’s local currency debt offers among the highest yields in the world.  On a 2-year…