Take physic, pomp

Morgan Stanley forecasts 2011

So What does Morgan Stanley like in 2011 on the global investment scene? Well, in order its preferred sectors are…..

1) Emerging Market Currencies
2) Oil
3) Commodities
4) Gold
5) Emerging Market Equities

….and I’m happy to note that MS doesn’t lump gold in with “commodities”. Want to know more? Then download the PDF dated Dec 13th 2010 on this link and read all 56 pages, but this excerpt of the intro gives you some of the general flavour:

“Four economic themes underlie our investment view for 2011: (1) Solid if unspectacular global growth, with cyclical lift reasserting itself in developed markets against structural headwinds; early-cycle DM and mid-cycle EM have different problems and policies – a dynamic to watch. (2) Global rebalancing is progressing between EM and DM and is reinforcing the recovery, but the rising risk of inflation in EM could disrupt this balance. (3) The sovereign debt crisis has accelerated, but risks may be less systemic as Europe muddles through; the key is a credible holistic plan to stem contagion soon. And (4) the politicization of economic decisions; with politics affecting decisions on a range of issues the risk of policy error is high.”

DYODD, dudettes and dudes.

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.