LONDON: The bursting of US housing and mortgage market bubbles has suddenly been replaced by emerging markets inflating, and world equities have got pumped up into the bargain.
With the herd mentality of global investors ever sharper, the Federal Reserve's decision two weeks ago to combat a US credit market seizure with lower interest rate has stampeded investors to Asia, Latin America and elsewhere in the developing world.
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Wednesday, October 3, 2007
Emerging market boom replaces bursting US bubbles
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