Emerging Markets Valuation

This is a thorn in my side. I have been ignoring this section forever, but I think its time to at least get the basics down. Let’s start a thread of things to remember and discuss what types of questions they could ask. For instance what forecasts should be done in real terms and which should be done in nominal and converted to real?

We already have a thread on this. I left some (minimalist) notes on emerging market valuation too. You can find it below: http://www.analystforum.com/phorums/read.php?12,949600