Wall Street Journal (January 26, 2014)
2014/ 01/ 27 by jd in Global News
As the Federal Reserve begins tapering, we’ll see which emerging markets have “been swimming naked.” During the days of easy money, nearly anybody could enjoy the party. Now we’ll see which countries squandered the opportunity and left themselves exposed. “The end of Ben Bernanke’s Fed tide will have its uses if it spurs the kind of tax, trade and investment reforms that have been put off in too many places. The question is how much damage will be done as this global adjustment takes place.”
Tags: Ben Bernanke, Damage, Easy money, Emerging markets, Exposed, Federal Reserve, Global adjustment, Investment, Opportunity, Reforms, Squandered, Tapering, Tax, Trade, U.S.
