You only need two things to find wonderfully cheap stocks. The first is earnings yield. The second is return on invested capital. This is a great way to find amazing gems hidden in the market.
China isn’t the market Carsales have their eye on. Instead they are venturing into Latin America (LA). Their reason is simple; that’s where future growth will be.
The International Monetary Fund (IMF) officially added the Chinese yuan to its basket of currencies comprising its SDR. This has enormous long-term implications for the US dollar...
Several Latin American countries are now likely to suffer hyperinflation or declare bankruptcy. For investors in Latin America, that raises the risks for everyone, even for countries with good policies and relatively low debt.