The astoundingly useful guys at FT Alphaville pointed me towards this Gerard Minack analysis of emerging market returns yesterday. The message is that high growth economies don’t necessarily translate to high equity returns. The argument can be summarised as this: Earnings growth is correlated with economic growth Valuation changes contribute significantly to equity returns and…
Paulson and Soros still think Gold is a buy, adding to their stakes as the price declines. It’s also not very brave of me to blog about this now as gold has declined when for much of the financial crisis it was increasing in price. I’ve been watching other things. The idea that the gold…
The real cost of the crisis in Italy? Fewer supercars on the road.
After discovering how China’s inflation is plummeting, I now discover how badly India’s economy is doing. I’ve been too focussed on European woes to recognise how widespread the economic problems are. More bad news.
Chinese inflation, which I haven’t been paying much attention to, is down to a 30-month low at 1.8% year-on-year. Where’s the hyperinflation? Chinese economy clearly struggling. Only more bad news for them and everyone else. I don’t know where it all goes from here.
Ok, so Tokelau isn’t the biggest country around, but as the first country to move to 100% solar electricity generation, it’s still notable. They won’t be the last. Keep watching to see how, slowly, renewable energy makes a fundamental difference to energy in our lifetime.
South African government policy and Eskom lethargy have long posed a risk to independent power providers and particularly renewable energy project developers. The rules change, policy documents take forever to be released, and ultimately the economics of the subsidies can be quite different from envisaged. FT has an OpEd on virtually the exact same issue…
This is getting ridiculous. Â Shockingly bad policy is now being shown empirically to be shockingly bad. Only thing is, the policy proponents aren’t admitting they were wrong. I get randomness. I understand that we don’t know exactly where the UK would be without austerity policies. Â We don’t have a control group, there’s no clear comparison.…
