The Great Emerging-Market Bubble: Something has gone badly wrong in the emerging economies that were supposed to be shaping, even dominating, the future of the world. The search for culprits is under way: commodity prices, fracking, US interest rates, El Nino, China, these and others lead the field. But the answer is simpler and more traditional. It is politics. Ceci s'applique aussi à la France socialiste du 0-1% de croissance. Lire la suite...Plus: The great European disaster movie.
