1. Another way to look at it- NSE was one of best-performing markets IN THE WORLD in 2017.
But 2018 has been generally bad for EMs around the world, in part because US has been raising rates. As of Oct: China down 13%, India 10%, S/Africa 25%, Argentina 23%, Brazil 17%.
#Thread
But 2018 has been generally bad for EMs around the world, in part because US has been raising rates. As of Oct: China down 13%, India 10%, S/Africa 25%, Argentina 23%, Brazil 17%.
#Thread
2. Very convenient to quote $ valuation without accounting for a currency devaluation, LOL. Account for the devaluation & your argument becomes considerably weaker
3. A lot of what Nigeria is going through is by no means unique - in fact by EM standards we doing better than many
3. A lot of what Nigeria is going through is by no means unique - in fact by EM standards we doing better than many
4. On a lighter note, @ChikeMustafa, what you’re doing with this tweet is trying to use dry bread to soak up our hard-earned stew, LOL. We will not take it 😀
References:
1. US stocks had a banner year in 2017. These markets did even better money.cnn.com/2017/12/27/inv…
2. Emerging Markets Are Down Big in 2018
google.com/amp/amp.timein…
3. Chinese stocks have lost more than 30% of their value since the start of 2018 google.com/amp/s/amp.busi…
1. US stocks had a banner year in 2017. These markets did even better money.cnn.com/2017/12/27/inv…
2. Emerging Markets Are Down Big in 2018
google.com/amp/amp.timein…
3. Chinese stocks have lost more than 30% of their value since the start of 2018 google.com/amp/s/amp.busi…
