Marc Faber : "....It has a lot to do with these issues. I am not saying it is the reason why investors should not be in emerging economies. But, food and energy inflation is more meaningful in an emerging economy than in the United States.
In a mature economy, where the GDP per capita is high, food is not a large percentage in the expenditure of a household whereas, in a country like India, Vietnam or Cambodia, food is a large percentage of expenditure. So, investors maybe concerned about this issue......"
in www.moneycontrol.com
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