The Continental Economics Institute Currency Review
Monday, August 1, 2011
To Russia with love
Goldman's O'Neill on Russia Among BRIC Nations
Aug. 1 (Bloomberg) -- Jim O'Neill, chairman of Goldman Sachs Asset Management, discusses Russia replacing Brazil as his top investment pick among BRIC nations. The term "BRIC," originated by O’Neill, designates Brazil, Russia, India and China as four of the top six economies by 2050. He speaks with Tom Keene and Ken Prewitt on Bloomberg Television's "InsideTrack."
(Source: Bloomberg) Comment: I agree. I've said it before. It is high time to get out of Brazil and many other places. There are few places left to go to apart from Russia.