“You are seeing all the bad things about emerging markets that
originally made them sub-investment grade,” said Daniel Tenengauzer,
an emerging-market specialist at the Royal Bank of Canada. “The whole
thesis that emerging markets are emerging is being questioned right
now.”


 [snip]

 
http://www.nytimes.com/2015/03/11/business/dealbook/emerging-markets-lose-their-luster-as-crises-mount.html
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