Salient to Investors:
Jim O’Neill said:
- We are closer to a buying opportunity in emerging-market stocks than to joining in the panic.
- While some places in the emerging world have real problems, to herald an emerging-market crisis is ridiculous. Ukraine, Thailand, Argentina and Turkey have some serious issues.
- The Fed decision to taper is amplifying the selloff in emerging-market assets. Tapering is more problematic for emerging economics but affects everywhere, but is not to be confused with individual emerging countries having genuine problems.
Read the full article at http://www.bloomberg.com/news/2014-02-04/o-neill-says-emerging-market-selloff-creates-buying-opportunity.html
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