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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (14347)	2/11/2007 11:18:32 PM
From: elmatador	Read Replies (1) \| Respond to of 217575

I care. I'm vested. I have a few bucks in there hence I know the underlying numbers. Ask Klaser.

To: Elroy Jetson who wrote (14347)	2/22/2007 10:13:46 AM
From: elmatador	Read Replies (1) \| Respond to of 217575

Vamos aos fatos, senor Elroy: Message 23308102

To: Elroy Jetson who wrote (14347)	2/22/2007 10:26:58 AM
From: elmatador	Respond to of 217575

The emerging markets have changed so much form the days they were the milking cows. Albeit the rich countries have sucked imports from them, those external factors play a minor role. Much more importantly the emerging markets underlying economic health has improved. Structural reforms and sounder macroeconomic policies have made them more able to sustain robust growth and to widthstand adverse shocks. Inflation has been tamed and many countries have trimmed their deficits; indeed on average they are running much smaller deficits than the rich world Emerging economies are also much less dependent on foreign capital than they were a decade ago, leaving them less vulnerable to the whims of investors. As a group, they are in their eighth year of current account surplus having been in deficit for the previous 20 years. Their average ratio of foreign debt to exports has tumbled form 174% in 1998 to an estimated 75% last year. Foreign exchange reserves have swollen to nine months' import cover compared with only 5 months just before the Asian crisis in 1997. And most emerging economies no longer fix their currencies at the grossly overvalued rates that contributed to past financial crisis.