what is next?
EM are devaluing their currencies, Brazil, Turkey, China , Russia, etc....They will buy less BMW & i Phones
This move will destroy a bit of demand for US, Europe & Japan Brands
We will have a cooling of the Developed Economies
Deflation is going to come back in Europe & US
Yields are going back to zero
Stocks will be mixed but could go down a bit
Emigration will be a way out for people that live in countries that don't produce anything (Most of the world don't produce anything besides commodities) and that tourism is not an option.
EM equities under performance is going to end.
Share story
0 comentários: