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Euro Zone Debt Crisis: BRIC To The Rescue?

October 6 2011, 09:24

FMX|Connect- WWW.FMXConnect.com (Reported on 10/6/2011)

Euro Zone Debt Crisis: BRIC To The Rescue?

Source: EconMatters.com

I spent the end of last week in Washington DC during the IMF/World Bank meetings. Needless to say this has been a pretty gloomy trip and most of the people I spoke to or heard speak had only bad things to say about the global economy.

What’s more, given how bad the markets were this week, it’s tempting to write excitedly about what the sharp drop in the prices of stocks, commodities and currencies is now telling us. I am not sure however what to say because I don’t believe that there was ever any chance of global growth returning for several years, and of course, to put it as politely as I can, I never believed in the emerging-markets decoupling theory. To read the full article, click here.

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