Global growth generators: Moving beyond emerging markets and BRICs

Hans Wagner submits: Emerging markets, especially China, Brazil, India, much of Asia and other parts of Latin America will lead the rest of the world in economic growth. As a multi-year trend, this is continuation of one of the best investing themes from 2009. Demand for commodities such as copper and steel will be critical for this growth.

Citi's Willem Buiter sums it all up: "...the improvement in sentiment appears to have long overshot its fundamental basis and was driven in part by unrealistic policy and growth expectations, an abundance of liquidity and an increasingly frantic search for yield. The key word in the recovery globally, and in particular in Europe, growth is fragile.

Kurt Brouwer submits: Stock markets in Brazil, India and China seem to be breaking down. Those three emerging markets make up three of the four BRICs (Brazil, Russia, India, China). Of the three, the only market that is acting well is Russia. This chart shows the national stock market index for all four countries and also includes both the 50-day moving average (50 DMA) and the 200-day moving average (200 DMA). More on those in a moment:

Citi chief economist Willem Buiter – who has maintained a pretty bearish tack on the euro zone throughout the euro crisis that has plagued the continent in recent years – is out with his latest missive.

Last summer, Citi's chief economist, Willem Buiter, introduced a bold call: he assigned a 90% probability that Greece would exit the euro on January 1, 2013.

Citi chief economist Willem Buiter has been one of the skeptics towards official policy over the course of the Eurozone crisis.

Willem Buiter, author of one of my favorite economics blogs, hasn't been very nice to Citigroup over the years.