Salient to Investors: Jim Rogers writes: India goes from one mistake to another, despite its controls and rising debt. Indian politicians want to blame economic problems on someone else, and now it is gold. Exchange controls in India are absurd. Foreigners cannot invest in commodities in India. Read the full
READ MORE... →Salient to Investors: Asia’s role as the world’s growth engine is waning as economies across the region weaken and investors pull out billions of dollars in favor of nascent recoveries in the US and Europe. Economists forecast Malaysia will post its second straight quarter of sub-5 percent growth this week.
READ MORE... →Salient to Investors: Jim O’Neil writes: In April, the BRICS said they would build their own development bank. Their difficulty in cooperating is simply because they are not very alike. Brazil, Russia, India and China are the world’s largest emerging economies, while China is bigger than all the others put together – China effectively
READ MORE... →Salient to Investors: William Pesek writes: Former George Soros advisor Takeshi Fujimaki said Abe delaying increasing Japan’s sales tax would worsen Japan’s debt profile, while Fed tapering would cause a fresh credit crunch that would slam Japan’s bond market. When Li Ka-Shing, Asia’s richest man, is turning to Europe as Hong Kong
READ MORE... →Salient to Investors: William Pesek writes: Najib kept his Malaysian coalition in power with a giant spending spree that included smartphone rebates for youths, household electricity subsidies and higher wages for civil servants. Fitch said Malaysia’s public finances are its key rating weakness. It will be difficult to achieve the 3
READ MORE... →Salient to Investors: Indian heart surgeon Devi Shetty has cut the price of artery-clearing coronary bypass surgery to $1,583, half of what it was 20 years ago, and versus $106,385 at the Cleveland Clinic in Ohio. Shetty said the current price of everything in health care is predominantly opportunistic pricing and the outcome of
READ MORE... →Salient to Investors: William Pesek writes: Rampant political dysfunction has stopped India’s progress cold. India is in a self-destructive pattern of relenting on the big issues, then killing would-be investors with the details. The lack of transparency and reliability makes it virtually impossible to consider long-term investments in India. India is proving
READ MORE... →Salient to Investors: Nomura said: The Reserve Bank of India’s surprise policy reversal and the first government debt-sale failures in 10 months risk plans to cut the budget deficit. Vivek Rajpal at Nomura said India is expanding at the slowest pace in a decade and tightening by the RBI will cool growth and strain public finances
READ MORE... →Salient to Investors: In Q1 2013, BRIC bonds, currencies, and stocks fell together for the first time since 2006. Since 2003, the MSCI BRIC Index has returned 227 percent, but is down 17 percent in 2013 and trailing the S&P 500 by the most since 1998. The MSCI BRIC Index
READ MORE... →Salient to Investors: Nomura says: China, Hong Kong and India are in a high-risk danger zone because their monetary policies have stayed too loose over the past 4 years. The average ratio of domestic private debt to GDP across Asia had risen to 167 percent in 2012 and most of
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