Marc Faber : Correction in emerging markets on expected lines
Marc Faber : "....It was not entirely unexpected to me because since March 2009, emerging markets have significantly outperformed developed ones and through easy monetary policies in the US, we created bubbles in the emerging economies, particularly in terms of inflation. So, the emerging economies, having this excessive liquidity and high inflation, have to tighten here, or let inflation go and have problems later on. So some money is flowing out of emerging economies. ..."
via ET Now
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