Economics
Lost Decade in Emerging Markets: Investors Already Halfway There
- Emerging stock markets have been flat over past six years
- Risks are commodity rout, China slowing and higher U.S. rates
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Just 14 years ago Wall Street fell in love with the BRICs, the tidy acronym for four major emerging economies that, to many, looked like sure winners.
Today, after heady runs and abrupt reversals, most of the BRICs -- in fact, most developing nations -- look like big-time losers.