There will be no ripples at all across global markets in the aftermath of the US Federal Reserve "taper", as cheap cash injections start to be trimmed back - and will eventually end, probably next year.
Emerging economies in particular will weather the departure of cash with nary a flutter. This is because countries around the world heard the warning shot from Chairman Ben Bernanke back in May and prepared their economies accordingly for when it finally happened in December.
The so-called Fragile Five of Brazil, India, Indonesia, South Africa, and Turkey have prepared for the inevitable end of the era of cheap money and adjusted well. Plus, they all have elections in 2014 that will probably proceed smoothly - no surprises, only seamless successions.
Obviously predictions can >>>>>> anyway, but I genuinely can't tell if this is serious, or an audition for the Now Show?
Obviously predictions can >>>>>> anyway, but I genuinely can't tell if this is serious, or an audition for the Now Show?