South America, inflection point

Posted on January 12, 2011 • Filed under: Brazil, Business, Chile, Economy, South America

SINCE last summer, when the Federal Reserve turned back on the liquidity taps, the flow has been largely to developing economies. Rather like financial bathtubs, popular emerging markets in South America, Asia and even Africa have been attracting vast amounts of frothy hot money, and developing world currencies have appreciated immensely. Read Article

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