Morgan Creek Capital’s Yusko: “Killer Ds” Will Hurt the Developed World (CNBC)
Morgan Creek Capital’s Mark Yusko,who was recently interviewed on CNBC where he talked about Brazil, China and emerging markets in general, pointed out that the following “killer Ds” will hurt the developed world over the next decade:
Yusko then pointed out that it tends to be the opposite case in many emerging markets where you have very low debt, strong demographics (e.g. lots of young people) and inflation (e.g. Brazil is actually in a position to cut interest rates to provide a “good tailwind”). Moreover, emerging markets are up three times the US markets this year and yet everyone is focused on the US markets.
As for the crisis in Brazil, Yusko believes its a tremendous opportunity to buy local companies with revenues in Dollars and costs in Brazilian Real. He also added that China data is not as bad as people think.
- What Risks Do Emerging Markets Pose to US Economy? (Bloomberg)
- ING IM’s Ruijer: China and the Fed are the Biggest Risks to Frontier Markets (Citywire)
- Investor Sentiment Survey: What Emerging Market Investors Think (Franklin Templeton)
- S&W’s McGrath: Emerging Markets Are at the Perfect Entry Point (FE Trustnet)
- India ETF Flows Touch $1.5 Billion, Highest Among its BRIC Peers (Economic Times)
- Margetts’ Ricketts: Low Oil Prices Mean Asia and Emerging Market Funds Can Keep Rallying (FE Trustnet)
- Why Emerging Market Refrigerators Contain Cold Hard Economic Data (II)
- Emerging Markets in the East Converging With Developed Markets in the West (Create Research)
- “Fragile Five” Emerging Markets No Longer That “Fragile” (AP)
- Artemis’ Edelsten: Emerging Markets are Expensive With the Exception of China (What Investment)