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Emerging opportunities in developed market stocks |
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The first-quarter US earnings season proved that global multinationals with significant exposure to fast-growing emerging markets continue to benefit. We estimate that US companies with at least 20% exposure to emerging markets delivered 14% earnings growth in Q1, compared to a 18% decline for the aggregate S&P 500 Index. |
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The predominant shock |
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The predominant shock The double-whammy of housing bust and credit crisis is still adversely affecting the US economy. |
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Be warned, inflation is on its way! |
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Be warned, inflation is on its way! For much of the past decade, inflation has hardly been an issue in Asia. Recently, however, it has been spiking in the whole region,
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ECB reiterates inflation fears |
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ECB reiterates inflation fears The European Central Bank (ECB) left its main refinancing rate unchanged at 4% in May. |
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Interview George Soros |
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Historic figures tend to wait into their waning years before reflecting on their own thinking about the system that brought them to prominence; few attempt to do so in real time, when their comments might actually make a difference. In the arena of finance, George Soros has come to command attention not only due to his considerable philanthropic works, but also due to the fact that at the height of his powers, he continues to issue a critique of the capitalist system that has made him a billionaire. The more than ten billion dollars in assets controlled by Soros' Quantum Fund and Soros Fund Management qualify him as being one of the 'sovereign' financial powers whose interests transcend national borders, and can influence the evolution of political and social systems through investment priorities. |
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