Countries with a gross public debt debt exceeding about 90% of annual economic output tended to grow a lot more slowly. For advanced countries above the 90% threshold, average annual growth was about two percentage points lower than for countries with public debt of less than 30% of GDP.
The consensus sees $76 operating EPS for the S&P 500 in 2010, which would be a 36% increase from 2009
sell S&P 500 SPDR (SPY)
The Wall Street bank, which already has a prominent ETF trading desk, filed with the Securities and Exchange Commission on Christmas Eve for permission to launch a slate of ETFs. Its decision follows similar me-too moves by other well-known firms like Pacific Investment Management Co., Charles Schwab Corp.
Emerging markets are attracting more money from initial public offerings than industrialized nations for the first time ever, a warning sign to Mark Mobius that the record rally in the shares may turn into a 20 percent decline.
The monthly data, published by the Federal Labour Agency, showed unemployment in Europe’s largest economy fell by a marginal 3,000 in December, the sixth consecutive decline, leaving the jobless rate unchanged at 8.1 per cent for the third month in a row.
Indication of the market picking up and demand for infrastructure assets.
“Things are still getting worse, but at a noticeably slower pace. It is not clear if we are at a turning point, but we appear to be moving towards one.”
“Turkey has been in on-off talks with the fund over a possible standby programme for more than a year. But with bond yields close to historic lows, Recep Tayyip Erdogan, the prime minister, has made it clear he does not consider a deal essential if it requires politically unpalatable fiscal measures.”
If you’re bullish about Brazil, Russia, India, and China, then don’t forget there is an entire second tier of less-appreciated-but-giant economic growth stories — the MAVINS.
buy Indonesia Fund (IF);