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Emerging Markets – Especially BRIC Economies – “Bottomingâ€
Emerging markets investors have always had famed investor Jim Rogers on their side. Now – after the bubbles of China, India, Latin America and more have popped – they can take comfort in the word of investor Mark Mobius, who said emerging markets are “bottoming” en route to a bull phase in 2009.
In a recent interview with Bloomberg Television, Mobius said there are “terrific bargains all over the place” and his biggest holdings are in Asia, adding that he is “aggressively” purchasing Chinese stocks.
Emerging market stocks have nosedived this year at a much faster pace than indices from larger,…
29Dec2008 | Money Morning | 0 comments | ContinuedWith its Surprise Interest-Rate Cut, India Puts Itself “Ahead of the Curve,†India Expert Rahemtulla Says
With its central bank’s surprise interest-rate cut on Monday, India may actually be ahead of the monetary-policy curve for the first time ever as it moves to avert a recession that Asia’s third-largest economy needs to avoid, India investing expert Karim Rahemtulla said yesterday (Tuesday).
The Reserve Bank of India cut its overnight lending rate from 9% to 8%, according to a government statement issued in Mumbai yesterday. The “surprise move” that came days before a regularly scheduled meeting of its policy board came after India’s central bank reduced the cash reserve ratio by 2.5 percentage points to 6.5% – retroactive to Oct. 11,…
22Oct2008 | Money Morning | Comments Off | Continued
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