30 December 2009

ECONOMICS: Emerging Markets-- More Room To Run Or Ready For A Fall?

NYTIMES/
While the U.S.stock market lost about a fifth of its value in the last 10 years, emerging markets like the BRIC nations-Brazil, Russia, India and China- doubled or tripled. The numbers are staggering and money is pouring into the fast-growing economies of Asia and Latin America. But will this run last...or has it been overdone and ripe for a fall? Emerging markets have a history of booms and busts dating back to the 19th century.