Forget BRICS, now meet MIST
22/8/12 20:09![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
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talkpoliticsDuring the peak of the investment boom in the beginning of the last decade, Jim O'Neill, the chief of the investment department at Goldman Sachs made a kind of a quip when he invented the acronym BRIC. You know, the four emerging markets: Brazil, Russia, India, China. Later an S was added for South Africa, so it became BRICS. That term came up in 2001. But now that same Jim O'Neill is promoting another quartet of countries whose economies have the potential to beat the BRICS in terms of economic growth. Mexico, Indonesia, South Korea and Turkey. So... meet MIST!
There's a noticeable, steady shift on a global scale of the growth rates. What? Not another shift?, you'd say. But yeah. Perhaps another artificially inflated balloon for the purposes of profit? Maybe, maybe. I'd leave the experts have their say on this. But here are the facts. The investors have infused a total of 67 billion $ in company shares in BRICS countries for the last decade. But last year, those same investors began sniffing the profit and chose to withdraw 15 billion from those economies because of the slowing growth. Where did the bulk of that capital go? You guessed right!
Giving various fancy acronyms of course is no single man's copyright. Last year Citigroup came up with the incomprehensive CARBS acronym - what they meant by it was Canada + Australia + Russia + Brazil + South Africa. Why? Well, those countries provide between 1/4 and 1/2 of the various essential natural resources, or commodities, on a global scale. I'm talking of materials that are crucial for most leading industries.
In turn, the BlackRock analysts came up with CASSH, which is to denominate the economies which are fiscally strongest. Canada, Australia, Singapore, Switzerland and Hong Kong. Around the same time the PIIGS acronym came out (Portugal, Ireland, Italy, Greece & Spain), but that wasn't a nice one because it marked the EU member countries who were in trouble and who were seeking for help to survive the debt crisis.
O'Neill however has opposed the calls of some of his fellow Goldman Sachs dealers to create an equity fund that would invest in the countries from the currently super-performing MIST quartet, hoping that it'll repeat what the BRICS have done. Firstly, because there already is such a fund, which has already invested 3/4 of its capital in these 4 markets. And secondly, because he probably doesn't want to remain in history as the person whose only job is to create useless acronyms. ;)
There's a noticeable, steady shift on a global scale of the growth rates. What? Not another shift?, you'd say. But yeah. Perhaps another artificially inflated balloon for the purposes of profit? Maybe, maybe. I'd leave the experts have their say on this. But here are the facts. The investors have infused a total of 67 billion $ in company shares in BRICS countries for the last decade. But last year, those same investors began sniffing the profit and chose to withdraw 15 billion from those economies because of the slowing growth. Where did the bulk of that capital go? You guessed right!
Giving various fancy acronyms of course is no single man's copyright. Last year Citigroup came up with the incomprehensive CARBS acronym - what they meant by it was Canada + Australia + Russia + Brazil + South Africa. Why? Well, those countries provide between 1/4 and 1/2 of the various essential natural resources, or commodities, on a global scale. I'm talking of materials that are crucial for most leading industries.
In turn, the BlackRock analysts came up with CASSH, which is to denominate the economies which are fiscally strongest. Canada, Australia, Singapore, Switzerland and Hong Kong. Around the same time the PIIGS acronym came out (Portugal, Ireland, Italy, Greece & Spain), but that wasn't a nice one because it marked the EU member countries who were in trouble and who were seeking for help to survive the debt crisis.
O'Neill however has opposed the calls of some of his fellow Goldman Sachs dealers to create an equity fund that would invest in the countries from the currently super-performing MIST quartet, hoping that it'll repeat what the BRICS have done. Firstly, because there already is such a fund, which has already invested 3/4 of its capital in these 4 markets. And secondly, because he probably doesn't want to remain in history as the person whose only job is to create useless acronyms. ;)
(no subject)
Date: 22/8/12 17:52 (UTC)I think the moral was, don't give up hope, or, always have more bullets than there are people in the car. Though maybe that wasthe mist.
But more on topic, what about BABES? (Brazil, Argentina, Bahamas, Ethiopia, Spain)
(no subject)
Date: 22/8/12 17:54 (UTC)(no subject)
Date: 22/8/12 17:58 (UTC)(no subject)
Date: 22/8/12 18:19 (UTC)(no subject)
Date: 22/8/12 17:59 (UTC)(no subject)
Date: 22/8/12 18:03 (UTC)(no subject)
Date: 23/8/12 22:23 (UTC)(no subject)
Date: 22/8/12 18:05 (UTC)Jamaica
Ivory Coast
Colombia
Kenya
Sudan
(no subject)
Date: 22/8/12 18:09 (UTC)(and someone needs to bring their ruler to Kazakhstan)
(no subject)
Date: 22/8/12 18:13 (UTC)OK, let's place DR Congo instead.
Although I could've easily put Denmark,
as far as I'm concerned. Oh my, did I say that loud!?(no subject)
Date: 22/8/12 18:25 (UTC)(no subject)
Date: 22/8/12 18:27 (UTC)(no subject)
Date: 22/8/12 18:28 (UTC)...
(no subject)
Date: 23/8/12 04:30 (UTC)(no subject)
Date: 22/8/12 18:24 (UTC)(no subject)
Date: 22/8/12 18:46 (UTC)BRICSMIT, Grexit, Squit, Spanic, oh my...
(no subject)
Date: 22/8/12 19:51 (UTC)Argentina
Romania
Switzerland
Eritrea
(no subject)
Date: 22/8/12 19:53 (UTC)(no subject)
Date: 22/8/12 21:15 (UTC)(no subject)
Date: 23/8/12 00:49 (UTC)Discrimination!!
(no subject)
Date: 23/8/12 06:58 (UTC)Four Asian Tigers.
Got it?
(no subject)
Date: 23/8/12 09:57 (UTC)But sounds good to me, bro!
(no subject)
Date: 23/8/12 22:25 (UTC)(*more stupid initials)
(no subject)
Date: 24/8/12 04:44 (UTC)