Emerginvest

An Outcry from Emerging and Developed Markets Alike

Black and Smarty,

I don't disagree that they were taking in disproportionate amounts of foreign credit to sustain their growth - and I fully agree Smarty, "Bubble-nomics isn't self sustaining in the long run."

That being said, they were doing relatively well with the capital they had borrowed. China and India were the darlings of the economic world as they expanded. I agree that they perhaps did so a bit too fast.

I guess my point with this article was that both emerging and developed are calling for change for two very different reasons. I dont know if anything can be done about investors pulling money out of emerging markets, but I do think the developed markets will have a unified response. I guess we'll see.