Getting Emerging Markets’ Goats; The goats are forced to rely on foreign-money inflows to fill their current-account holes; The goats include the fragile five of Brazil, India, Indonesia, South Africa and Turkey, Argentina
April 8, 2014 Leave a comment
Getting Emerging Markets’ Goats
By A. Gary Shilling on 06:27 pm Mar 25, 2014
(JG Graphics/Josep Tri Ronggo Laksono)
Since the US Federal Reserve began talking about tapering its bond purchases last year, investors have been forced to separate the emerging-market sheep — those with well-managed economies — from the goats, with their poorly run economies. Read more of this post






