Emerging markets have been much in the news of late, especially since the Fed's threatening to soon remove the net from its monetary high wire act.
Capital flight or the fear thereof now seems to be the name of the EM game. Asia and China are expected to slow down and some are suggesting that the last thing China needs with all its empty buildings and empty towns is more easy money.
China already has a still rising 230 percent credit to GDP ratio. To these observers the China problem owes its existence to easy money, not the other way around.
Suddenly Argentina's equity market is capturing investor attention. We wrote about this earlier mentioning billionaire George Soros and his recently purchased big chunk of oil company YPF.
As previously noted, an election is set for next year and as the old bromide goes, here it's more hope than reality at this point, a new broom sweeps clean. Money managers, as is their ilk, try to get in ahead of any on coming rush from the retail crowd.http://www.marctomarket.com/2014/10/emerging-markets-what-has-changed.
But Asia and Latin America are not the only emerging markets. In our view central and eastern Europe offer some interesting opportunities if a meteorite doesn't strike the planet anytime soon.
There are prblems to be sure, but there are also good universities, an entrepreneurial spirit and, most important, a gaggle of young people who get it.
Here's just one source. If you look you'll find many more.
http://www.ft.com/intl/cms/s/0/5b2ed4c0-cf9a-11e3-bec6-00144feabdc0.html#axzz3F1z73X2h
t. man hatter
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