🐿️ clippings from the week Barings went bust. A young rodent corporate financier photographed by The Daily Telegraph’s paparazzi in February 1995.
Click above to find Chase’s piece.
ASEAN markets (Singapore, Malaysia, Thailand, Indonesia and Philippines indices in local currency, weekly charts) since the pandemic have not been desperately exciting. End of a multi-year basing period?
The region offers attractive demographics and decent forecast growth. In terms of scale and growth of both, Indonesia (grey) and the Philippines (purple) stand out from the group. Source: Statista.
Both Indonesia and the Phils have recovered their long-term mid-single digit growth trends following the pandemic.
With core inflation safely back down at manageable levels.
Plenty of scope for both central banks to lower rates.
Confidence returning to both the Rupiah and Peso.
iShares Indonesia $EIDO is dominated by exposure to the local banks
iShares Philippines $EPHE offers a broad range of sector exposures to the Filipino economy.
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Blind Squirrel Macro - The Pod
Macro for Civilians. Sharing successes and failures in the 30-year hunt for acorns in the markets. Finance observations are hit and miss.
Macro for Civilians. Sharing successes and failures in the 30-year hunt for acorns in the markets. Finance observations are hit and miss.
Pod: Batik Shirt Comeback!