No disrespect to the Associated Press, but when I read a story saying that turmoil in emerging markets is essentially “no big deal,” and backing it up by “many economists say they’re optimistic that the troubles in emerging markets won’t infect the global economy as a whole…” Well, I want to run to the…More
Topic: Emerging markets
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So much for the “economy will improve in 2014 (really!)” stories. The stock market is struggling to avoid another big sell-off today. But bargain hunters are facing the downdraft of jitters over emerging markets. As their stock markets crash and fear gathers about Chinese manufacturing and debt, it will be more difficult to continue the…More