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Out Of The Woods? At The Crossroads Of An Emerging Market Crisis
I'd wager there will be more than a few stories written over the next several days about how the combination of a cooler-than-expected August CPI print in the U.S. (Thursday), a larger-than-expected rate hike from the Turkish central bank (Thursday) and a surprise rate hike from Russia (Friday), are all signs that the situation for developing economies could stabilize. [So there's some weekend homework for the financial journalists out there - I'll send you your next assignment once you deliver
