By Detlef Glow, Head of EMEA Research at Lipper. The views expressed are his own.
The Great Debate UK
What was a contrarian view right after Japan's earthquake has become consensus: confidence in a V-shaped recovery has powered a 10 percent rally in Japanese stocks since March 15. That outlook still appears likely, but questions surround the speed and strength of the recovery. Investors should hedge against the risk that politics, power shortages, and nuclear troubles prompt investors to turn tail.
-Graciela Chichilnisky is the Architect of the Carbon Market of the Kyoto Protocol and the author of ‘Saving Kyoto‘, New Holland Publishers, UK, 2009. Chichilnisky is a Professor of Mathematics and Economics at Columbia University in New York, Director of Columbia Consortium for Risk Management and Managing Director of Global Thermostat Inc. The opinions expressed are her own.-
from Global Investing:
Some fascinating data about the growing power of emerging markets, particularly the BRICs, was on display at the OECD's annual investment conference in Paris this week. Not the least of it came from MIGA, the World Bank's Multilateral Investment Guarantee Agency, which tries to help protect foreign direct investors from various forms of political risk.
Our recent post on the End of Capitalism triggered much interest and comment. There were plenty of diverse views, as one would expect. But one thread that came out was that what we are now seeing is not true capitalism (nor, of course, is it old-style communism). Ok, but what is it?