Follow us on Twitter
Find us on Facebook
Subscribe via RSS
Now The Carnival Is Over
Why the tide has turned in Brazil`s favour
Quote by: Dean Newman (Head of Emerging Markets at Invesco Perpetual)
Quote made on: 29/08/2012
Quote Submitted by: James Reynolds
Source: FE Trustnet
Editor's Notes
Just over a year ago, Dean Newman did a convincing piece for FE Trustnet in which he explained how the Brazilian government`s hefty stimulus package, announced on 15 August 2012, would create a boost to economic growth and make the country a more investable proposition.
Well, anyone taking this as a cue for investment would have been better off blowing their money on a jaunt to Rio.
Over the last year, Brazil has turned out to be one of the worst global stock market performers, the market price return of iShares MSCI Brazil Capped ETF having fallen by 12.86% during the most recent twelve month period.
One hopes that Brazil`s left of centre government turns things round before the Barmy Army descends on it to watch the World Cup next year (though we`re not necessarily forecasting that the England team will be there as well).
(1 votes, average: 8.00 out of 10)
Loading ...Published on: October 3, 2013
Tell That To Cyprus!
The Eurozone Debt Crisis Has Come To An Official End
Quote by: Rupert Watson (Skandia)
Quote made on: 15/11/2012
Quote Submitted by: David Phillips
Source: Joshua Ausden (FE Trustnet)
Editor's Notes
Let`s hope that Mr Watson was correct when, just over four months ago, he thought that worries over an all-out default in Europe had finally disappeared, going on to say that; “the euro debt crisis is over, although the governance and unemployment/growth crisis has many years left to run.”
(2 votes, average: 1.00 out of 10)
Loading ...Published on: March 22, 2013
Angela`s Hashes
“We have a Treaty under which there is no possibility of paying to bail out states in difficulty.”
Quote by: Angela Merkel
Quote made on: 01/03/2010
Quote Submitted by: James Inglis
Source: Deutsche Welle
Editor's Notes
…well, at least, not directly anyway. The ECB`s injection of 1 trillion euros of three year loans into European banks came in handy, though.
ADDITIONAL COMMENT – it might just be time for an update of this post, bearing in mind the report in last weekend`s “Financial Times” that “…taxpayers for all 17 eurozone countries, Germany foremost among them, will shoulder the burden of 100bn. euros in cash injections” and that “…the bail-out of Spain`s domestic banking sector, stuffed with bad real estate investments, will no longer be Madrid`s responsibility.”
I must be missing something here.
(2 votes, average: 5.00 out of 10)
Loading ...Published on: July 3, 2012
