Cyrus Janssen on trade with developing countries

Just last year, China announced it would have zero tariffs for all developing countries around the world, cementing its position as the trading leader for the Global South.  Meanwhile, the United States currently has sanctions on one-third of the global economy, including 60% of all poor countries.  If I'm a developing country looking who to trade with, it's a no-brainer: China is the clear partner.

~ Cyrus Janssen, "Harvard Economist Reveals Shocking Secret About Trade War with China," Cyrus Janssen, 3:15 mark, February 9, 2025

The Economist on China's success in emerging markets

Since the end of the cold war the rich world’s corporate giants have been the dominant force in global commerce.  Today consumers and workers in almost every country are touched in some way by the world-spanning operations of multinational firms from America, Europe and, to a lesser extent, Japan.  These leviathans are now under threat, as Chinese firms in industries from cars to clothing expand abroad with startling speed.  A new commercial contest has begun.  Its battleground is neither China nor the rich world, but the fast-growing economies of the global south.

~ The Economist, "Chinese companies are winning the global south," August 3, 2024

August 3, 2024

Marko Papic is bullish on commodities and emerging markets

Commodity producers are cheap, their currencies are cheap, their balance of payments are in surplus...  Last year, do you know what they were doing?  They were jacking up rates!  (other than Turkey)  They were jacking up rates, doing exactly what we taught them to do through IMF and World Bank programs while America was basically printing like the most populist regimes in the world.  So emerging markets took the pain last year, they took the hit of tight monetary policy, they're cheap, their current accounts are in surplus and commodities have risen massively.  Karl Marx could rise from the grave and run Brazil and I'd still buy it!

~ Marko Papic, "Geopolitical Expert Marko Papic on Ukraine, Commodities, and Ignoring the Media Noise," Stansberry Investor Hour, 28:00 mark, January 27, 2022

Jim Cramer on emerging market jitters

This is what happens and you have to ride it through.

~ Jim Cramer, CNBC, January 29, 2014, 8:54 AM ET

(S&P 500 futures 12 points below fair value as Turkish lira lost initial 3% gains from its central bank rate hike to 12% from 7 3/4%.)

Ken Fisher shows his macro blind spots, says look to the emerging market stars in 2011

My view is you should always think globally first and think America second. You look around the world, emerging market companies are what are cumulatively doing better than America's economy, growing pretty darned nicely. While there is some global slowdown, there's not the slowdown we see focused on America. In every economic expansion some countries lead and some lag. Right now, we're in the middle of the pack, not the leaders or laggards. we're so used to being the leaders, we have a hard time with it.

~Ken Fisher, CEO, Fisher Investments, CNBC, June 22, 2011

David Bianco says emerging markets will drive US stock market in 2011

About 40% of the S&P 500's revenue comes from abroad, where many countries are growing at a faster clip than the U.S. The S&P has a lot of powerful indirect exposures to the world economy, via emerging market and commodity demand. Commodity prices are very important to the energy, industrial and material companies. Business spending also has a lot of connections to global growth. And that's what drives S&P earnings.

David Bianco, chief US equity strategist, Bank of America Merrill Lynch "Experts agree: Get over your fear and get back into stocks", USA Today, December 17th, 2010

David Bianco says plays the EM in 2011, but do it through the S&P so he can make money

When we talk to clients and we look at portfolios that are largely cash, Treasuries, municipal bonds and gold, we point out that that's just not a balanced portfolio. It's a portfolio with its own kind of risks, and a portfolio that, over time, is not going to keep up with your wants and desires for funding your long-term financial needs.

Within the S&P 500, our advice is to stick with strength in 2011. And strength in the world is the emerging economies. But we want to point out that there are lots of plays on emerging economy growth within the S&P 500, particularly the technology, energy, industrial and materials sectors.

~David Bianco, chief US equity strategist, Bank of America Merrill Lynch, "Experts agree: Get over your fear and get back into stocks", USA Today, December 17th, 2010