Many (un)happy returns in EM; governance and the vicious circle
This report examines the underlying governance factors that have driven EM underperformance over the last five years.Brazil, Russia, Malaysia and...
250 Views
U.S. Economy Picks up the Pace: We're bumping up our 2015 GDP forecast
Growth in the second quarter was revised up from 3.7% to 3.9%, beating the consensus estimate of 3.7% growth.It was what economists like to call a...
260 Views
Alibaba's Stock Could Face Near-Term Pressures, but Not for the Reasons Barron's Points Out
On Sept. 12, Barron's published an article on Alibaba lambasting various aspects of the company: Its relative valuation metrics Its competitive...
293 Views
CORPORATE LEVERAGE: An Inconvenient Truth
Sometimes stock markets don’t bounce back. They just hit the bottom and then crawl sideways for years. Take Greece, its stock market is still 87%...
299 Views
Recalibrating Alibaba Near-Term Outlook Amid Consumer Sentiment Concerns, Long-Term Potential Intact
We're reducing our fair value estimate for Alibaba to $76 per ADS from $84 following management's cautious comments about near-term China GMV...
277 Views