Among the foreign bank ADRs, emerging market banks have performed very well so far this year relative to their developed world peers. This is not surprising since most emerging markets are up by double digit percentage points this year and financials are the main drivers of growth in these markets. As the pillars of the …
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The currency market is the largest market in the world with trillions of dollars worth of global currencies traded. This market is larger than equities, oil and bond markets. One of the reasons that currency markets are bigger than equity markets is because central bank are the major participants in the market. On a daily …
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China and India have become the top source of new arrivals into the US overtaking immigrants from Mexico according to a WSJ article yesterday. While in the past Mexicans were the largest group of migrants in recent years migration from Mexico has slowed. From the article: Chinese and Indian newcomers to the U.S. are now …
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The Callan Periodic Table of Investment Returns for various Emerging Market indices from 2006 to 2015 are shown in the chart below: Click to enlarge Source: Callan Associates Emerging markets are hot this year with many markets having soared by double digit percentages so far. These markets were also the top performers before the Global Financial …
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China follows a unique form of political system called “market socialism”. In this system, the economy is capitalist to some extent but the political system is communist. Under this system only one party runs the country and no other party is allowed to exist. The state plays a major role in the functioning of the …
Continue reading ‘Development Models: China’s Socialism Beats Capitalism?’ »