• 2 minutes U.S. Presidential Elections Status - Electoral Votes
  • 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 7 minutes United States LNG Exports Reach Third Place
  • 2 hours Joe Biden's Presidency
  • 1 day https://www.prageru.com/video/whats-wrong-with-wind-and-solar/
  • 1 hour The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc.
  • 20 hours Here it is, the actual Complaint filed by Dominion Voting Machines against Sydney Powell
  • 17 hours Is the Chinese CCP Following the Left's Leadership, or the Left Following the CCP's?
  • 7 hours Did I Miss Something?
  • 1 min An exciting development in EV Aviation: Volocopter
  • 2 days JACK MA versus Xi Jinping
  • 3 hours Minerals, Mining and Industrial Ecology
  • 1 day CNN's Jake Tapper questions double amputee purple heart recipient GOP Rep's commitment to democracy. Tapper is a disgrace.
  • 1 min A Message from President Donald J. Trump - 5 minutes from The White House directly
  • 1 day 'Get A Loan,' Commerce Chief Tells Unpaid Federal Workers
  • 1 day Do Republicans like Liz Cheney, Adam Kinzinger, Mitt Romney and now McConnell think voting for Impeachment can save the party ? Without Trump base what is the Republican constituency ? It's over.
Will U.S. Elections Impact The Gold Rally?

Will U.S. Elections Impact The Gold Rally?

Gold prices have soared this…

Wall Street’s Big Coronavirus Mistake

Wall Street’s Big Coronavirus Mistake

The coronavirus has wreaked havoc…

Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Premium Content

Goodbye BRIC, Hello N-11

Jim O'Neill, the clever Goldman Sachs analyst who came up with the term "BRIC" a decade ago, has cooked up a new, catchy investment theme. Get ready for the "N-11", shorthand for the "New 11", a gaggle of early stage emerging markets who will become the inheritors of the BRIC's high growth rates.

The basic idea is to surf a global wave of coming GDP and per capita income rises. The N-11 breaks down into four sub categories:

High Income: South Korea
Upper Middle Income: Mexico, Turkey
Lower Middle Income: Egypt, Iran, Pakistan, Indonesia, Nigeria, Philippines
Low Income: Bangladesh, Vietnam

Jim has come up with a basket of indicators measuring the attractiveness of each country that includes liquidity of the financial system, bank deposits, central bank assets, private credit, stock market capitalization, outstanding currency, public and private debt, and for some countries, aid inflows.

Before you rush out and load the boat with Iranian names, let me tell you that investing in some of these places is easier said than done.

This is really a call on economies, and not local stock markets. Only a couple have ETF's.

Jim says that the best value for money in terms of financial development is Vietnam and Egypt.

Watch this space. I am going to be posting on the other countries in this list as liquid vehicles become available. In a few years you are going to become as weary of hearing about the N-11 as you are about BRIC's today.

Article courtesy of: The Mad Hedge Fund Trader


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News