The year is 2012 and it is time for you to get some Kenya in your portfolio. Kenya has one of the most rapidly-growing GDPs.
Over the weekend the World Bank sent out a tweet about Kenya’s “tipping point” – by 2020, Kenya will be a full-fledged middle-class country. Since 2001, many gains have been made [...]
Last week we were surprised to see a 25 basis point rate cut by Australia – whose inflation and unemployment levels are in a healthy range – so to now see that even China has cut interest rates, well, that’s telling you something significant about the weakness and risks facing global growth.
First Rate Cut Since [...]
Slowly but surely, the reserve currency status of the United States dollar is transitioning into a lesser role, at least for China. As early as June, the AP reports, the Yen and Yuan will begin direct trading without the use of the USD as a “cross-currency” intermediary. This means that the USD will no longer [...]
The global balance of the world’s big spenders and buyers is shifting. The total share of world imports is moving away from the developed economies and towards the emerging markets. You knew this. But it’s happening sooner than you think.
Based on forecasts from the WTO and The Economist, here are ten key facts about the [...]
When it comes to investing in emerging markets, that’s one area in which you really should play it safe. Not only are you not familiar with any (or most) of the companies, but precisely because some of them may be operating in more politically and geographically unpredictable regions, risk is a higher factor.
With the added [...]
Readers have recently been asking where you can open a Chinese Yuan savings account. As I wrote in a previous post, Chinese Yuan savings accounts for Americans are available at the Bank of China (only in New York and Los Angeles so far).
In that previous post, I outlined the basic steps you need to know [...]