China and Brazil Part 2: Our version of rebalancing

It seems that the kind of rebalancing that we will see is going to be political rather than the consensual economic kind favoured by developed nations.

Rediscovery: Brazil and the 21st century @Ignite London

This is my 5 minute presentation at Ignite London on Brazil @ Ignite London. For those note familiar with the format of Ignite, you get 20 slides which change every 15 seconds. Apart from the odd misspeak it all went quite smoothly though I didn’t get to talk about Manaus. I tried to give a quick run down (without the economics) of why Brazil is centre stage in a rebalancing world.

FT Money Supply: cheap money and EM asset bubbles

Quote from FT money supply blog today…

‘The more imminent risk, though, surely is ultra-easy policy in the US, eurozone, UK and Japan helps to fuel asset price bubbles in emerging market such as China, Brazil and India – and small industrialised economies that largely escaped the crisis such as Australia.’