Four stubborn troubles for EM investors | beyondbrics

Four stubborn troubles for EM investors | beyondbrics:



"“If you see ten troubles coming down the road, you can be sure that nine will run into the ditch before they reach you.”



For about two weeks in late October, it seemed as if these optimistic words from Calvin Coolidge, the former US president, might have encapsulated the mindset of emerging market (EM) investors.



But the late October rally in EM financial assets has now stalled. Investors are relinquishing hopes that market troubles may turn out to be mere phantoms and focusing again on the very real problems coming their way. Four of the most intractable are set out below."



'via Blog this'