Dec 9, 2016 | Emerging Markets
One of the main promises of Trump’s campaign was building a wall with Mexico that the Mexicans would pay for as well as renegotiating NAFTA. Mexico’s stock market in dollar terms is now back to 2009-10 levels. Investors are pricing in an awful lot of bad news. ...
Jul 26, 2013 | Asia, Emerging Markets, Global Economy
Since tapering discussions pushed up yields in the US, this has led to a steepening of yield curves across the developed world. The US has seen the greatest steepening, which argues for higher growth in the US ahead. However, the implied tightening in global dollar...
Mar 30, 2012 | Global Economy
One of the simplest ways to measure macroeconomic risk is to look at the twin deficit, defined as the sum of current account and budget deficit as a percentage of GDP. Recent blow-ups like Iceland and Greece both scored highest on these fronts. Looking at twin...
