Rich Bernstein: Here’s where the inflation is

Killer chart from strategist Richard Bernstein of Richard Bernstein Advisors this week.

Bernstein has been bullish on US equities for the last few years both in absolute terms and, especially, versus the emerging markets. He sees the US small and midcap sector, which are heavily focused on the US economy, as being a better bet than the emerging markets, which are struggling with inflation and deteriorating fundamentals in many cases.

EM Inflation and money growth quite high.
The emerging markets have had for the last several years the highest rates of
money growth and the highest rates of inflation in the world. Chart 1 shows the
latest money supply growth rates and inflation rates for forty-one countries,
and emerging markets comprise all the countries with substantial money
growth and inflation. In fact, many of the major emerging markets now have
inflation rates between 5% and 10%.


Screen Shot 2014-06-13 at 3.15.39 PM

Josh here – You can see the extreme growth in both prices and money supply in the upper right-hand quadrant of the chart – it’s almost all BRICs and EM nations up there.


EM Debt Seems Risky – June 2014 
Richard Bernstein Advisors


This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. how many mg cbd for anxiety commented on Jan 02

    … [Trackback]

    […] Find More Info here on that Topic: […]

  2. bmo online bank commented on Jan 10

    … [Trackback]

    […] Here you will find 52633 more Information to that Topic: […]

  3. digital transformation commented on Jan 17

    … [Trackback]

    […] Read More Info here on that Topic: […]

  4. rolex replika commented on Jan 23

    … [Trackback]

    […] Find More Info here to that Topic: […]