Cell Phone ‘Indicator’ Warns Of Emerging Market Slump
Nov 26th, 2008 | By Irwin Greenstein | Category: Emerging MarketsOne of our most reliable indicators about emerging markets shows that investors may have a real slog ahead of them in the coming years. In the past, we’ve used cell-phone sales in growing economies as means of measuring the prospects for investments. Cell phones show how much disposable income is available, in addition to reflecting the entrepreneurial spirit that creates a healthy middle class.