Marc Wiersum, MBA
Marc began his career in finance in 1990 as an equity analyst with Daiwa Securities in Tokyo, Japan, and is a Registered Representative in both Japan and the USA. After attending the University of Chicago Graduate School of Business (MBA, International Economics & Statistics, 1995), Marc provided equity derivatives trading markets coverage to global hedge funds while at Daiwa Securities and Salomon Brothers Japan, and fixed income markets coverage while at Credit Suisse First Boston and JP Morgan Securities, Japan. Marc served as a private banker to hedge fund managers from 2004-2009 in New York at Bank of America and HSBC, and has since continued to work in investment advisory roles. Marc has worked for nearly nine years in Japan, including the study of Political Economics at Sophia University, as well as two years in Brazil, and is a fluent speaker of both Japanese and Portuguese.
Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
More From Marc Wiersum, MBA
Consumer Japan’s trade deficit with China: Worse for GM than the recall
This article considers the impact of Japan’s trade dynamics on Japanese automakers like Toyota (TM) versus General Motors (GM) from a macroeconomic perspective.Real Estate Why the housing market impacts consumption and equity investors
This article considers the importance of investment, including residential investment, in the support of U.S. consumption data and the implications for investors.Consumer GM’s long-term competitive threat: Japan’s investment recovery
Japan is showing signs of investment recovery with its new economic policies coming into play.Financials China’s wage inflation: Bad news for corporate profits and banks
Wage inflation in Chinese manufacturing With an appreciating currency and growing economy, Chinese manufacturers have experienced wage inflation. The cost of Chinese labor is simply becoming more expensive, as the below graph indicates. Private sector wage growth in China was 14% in 2012, while GDP growth is slowing to around 7.5% per annum. Wages are […]Financials Why we could see a new trend in Japan’s exports and imports
Japan’s import and export dynamics The below graph provides a clearer picture of the import and export dynamics of the Japanese economy. By using 2005 as a base year and adjusting for inflation or deflation, the graph shows how exports and imports have changed on a “real” basis, as opposed to a “nominal” basis. Viewing […]Financials Does “Abenomics” mean a new era of yen depreciation?
A change in yen appreciation? The below graph reflects a potential big change in Japan post-2012—has yen appreciation turned the corner as a result of post-2012 “Abenomics“? In the mid 1970’s, the U.S. dollar bought 300 yen, and by the mid-1980’s, the U.S. dollar bought 250 yen. By the end of the 1980s, the dollar […]Real Estate Why we’re seeing a brand new housing bubble—Japan style
Residential investments in Japan The below graph reflects the ongoing decline in the rate at which residential investments are being made in Japan. As with other forms of fixed investment noted earlier in this series, Japan has seen a long-term decline in the housing market since the peak of the economic bubble, which was accompanied […]Consumer Is the U.S. consumerism economy flawed by design?
The future liability of entitlements in the following decade of 2020–2030 presents an enormous financial challenge for the children and grandchildren of the baby boomer generationConsumer Japan’s GDP back to peak levels: Auto sales and Toyota benefit
This article considers the prospects for further real GDP growth acceleration and the implications for Japanese exporters like Toyota.Financials China’s manufacturing wages: Why 2012 was a banner year for Baidu
The sharp rise in wages in China prompted some fairly aggressive forward-looking estimates regarding China’s wages in manufacturing and its ability to compete as a low-cost manufacturer in the future.Financials China’s manufacturing wages rise to $7,000 per year: Baidu benefits
This article considers the growing wage level in China and its effect on Baidu and other Asian equities.