The decade-long outperformance of developing-nation assets has ended, according to the Goldman Sachs Group Inc. economist who predicted the rise of the biggest emerging markets in 2003.
Goldman Sachs Group Inc. , Wall Street’s most profitable investment bank, promoted Jan Hatzius and Dominic Wilson to oversee its global economics research division, succeeding Jim O’Neill .
Goldman Sachs Group Inc. didn’t buy the “new normal” and it’s not rushing to embrace the “new neutral” either.
Price pressures are pushing emerging-market central banks from Russia to China to raise interest rates this year, tarnishing the appeal of their stocks and increasing investor interest in the U.S.
The global economy is rebooting for “Great Moderation 2.0.”
The world economy is primed for its fastest expansion in four years, with the U.S. propelling the improvement in output.
Brazil, South Africa, Turkey and Ukraine are the emerging markets most at risk of a “sudden stop,” in the view of Morgan Stanley.
"The shift towards an extended period of ultra-low cost funding from the ECB is making European monetary dynamics a more important driver of EM bonds. Europe is in the driving seat to a greater degree than the U.S. rate market currently."
- Dominic Wilson on Sep 09, 2014