Financial and economic analysts are divided over the significance -- or lack thereof -- of recently plunging currency values in the emerging markets. Nomura Holdings, Inc. (NYSE:NMR) expects the storm to pass by fall, at which point it sees investment opportunities; the Jerome Levy Forecasting Centre takes a rather different view.
The Japanese financial services firm, Nomura, said Friday: "The current sell-off is less crisis-like than others in the past, especially when viewed in a global perspective. This does not imply that we are ready to get long EM assets right here, but it does imply that we are willing to look for a long opportunity within the next two-three months."
Jerome Levy's director of research, Srinivas Thiruvadanthai, told International Business Times that the emerging markets have a "structural transition problem" and that he sees a "serious crisis in the emerging markets in the next one to two years."
Mike Obel works as Senior Editor, Copy Chief. Before that he was Markets Editor, assigning, editing and writing about business, markets, finance and economics. Before coming...