Recently we pointed out that investors were pulling capital out of emerging markets, those once hot places for them to make some money and pick up a little yield.
One explanation given is the threat of the Fed's turning down the easy-money spigot. Now adding to the problems these EM face is the recent report from the International Monetary Fund predicting slower global growth prospects, particularly for China and Russia.
Many of these countries in 2012 rolled out higher taxes on foreign investments and lowered interest rates to decrease the torrent of hot money flowing there as a result of Big Ben's easy-come-easy-spread policies.
It just shows that what may happen in the US doesn't stay there.
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