It’s Off to the Races With Emerging Markets
|November 5th, 2010||
|Contributed by: The Mad Hedge Fund Trader|
|Ben Bernanke’s unprecedented announcement that he is buying $600 billion in medium dated Treasury securities is tantamount to the government ordering you to pour all of your money into emerging markets. The “RISK ON” switch has been flipped, and the Feds have poured super glue into the mechanism. We could have a moon shot up until the end of the year from here. The only price to pay is rising risk levels. |
Jim O’Neil is the fabled analyst who invented the “BRIC” term a decade ago, and has since been kicked upstairs to the chairman’s seat at Goldman Sachs International (GS) in London. Jim thinks that it is still the early days for the space, and that these countries have another ten years of high growth ahead of them.
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