What’s Going On?
Why the “dirty laundry” in emerging markets this year versus developed markets which have soared?
Recent polls out of Sao Paulo show that only 30% vs. 51% in last survey intend to vote for President Dilma’s in the Oct 2014 elections which suddenly are looming.
I just got back from a week in the islands and tried to escape the chorus of emerging market bears. It’s been a nasty week and emerging markets has been near the top of the loser board, but the reach of journalists and voices of marginal observers of emerging markets found its way to me on a quiet beach in the Caribbean.
Last week, Emerging Market Equity Fund Flows were down for the 4th straight week with the largest outflows seen since the August 2011 bloodbath.