Salient to Investors:

Nouriel Roubini at NYU writes:

  • The rout in the emerging market asset classes is past midway but more is ahead as the recovering West points to Fed tapering.
  • Many stages in the shift in the US and global monetary and financial conditions are to come within the next 2 years, and then there is Syria escalating.
  • Capital thirsty countries like India will remain in the forefront of global market risk reduction.

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