Why Emerging Country Gloom is Mistaken

Many emerging markets submerged in 2013 and have continued to do so in early 2014. The negative reaction of currency and stock and bond prices in several emerging markets to a cautious statement (“taper talk”) by former US Federal Reserve Chairman Ben Bernanke in May 2013 was swift.

In early 2014, new-year recommendations by Wall Street´s biggest banks a…