15 | January | 2012 | wealthymatters

The Mark Mobius View

January 15, 2012 Leave a comment

wealthymatters.com Here is a recent interview from Forbes India to counteract all the gloom and doom

Mark Mobius: Debt crisis will help emerging markets

Dr Mark Mobius, executive director, Templeton Emerging Markets Group, tells Pravin Palande and Shishir Prasad that he is optimistic about India and in many cases, a weak rupee may actually benefit some companies in the country.

Dr Mark Mobius

Profile: Executive director, Templeton Emerging Markets Group

Career high point: Consistently voted as one of the most influential investment managers in the world

Last vacation: Doesn’t take any.

Known for: Travelling a lot; comic book based on his life

The idea of a single currency (euro) for differing political units seems to be in trouble. What does it mean for global currency markets? Read more of this post

Filed under Tidbits Tagged with China, emerging markets, EU, Euro, France, Germany, Greece, India, Indian Rupee, Ireland, Mark Mobus, Portugal, postaday, Spain, US dollar, Zimbabwe

Of Skyscrapers And Recessions

January 15, 2012 Leave a comment

I came across an interesting hypothesis by Andrew Lawrence in today’s ET.

Lawrence explains that “high buildings are typically driven by cheap and available capital-high land values,high construction costs-and therefore marks the cyclical peak of the credit cycle.The higher the building the often more abundant and cheaper capital is relatively.”

“Skyscraper building booms do not appear in every economic upturn,but simply in those with strong expansion and typically driven by cheap credit.So when you see a skyscraper boom it should signal concern over the extent,nature of the upswing and the extent of the downturn.”

Mmm…..food for thought isn’t it?Mumbai today seems to have a couple of new towers coming up in almost every street.