Is There Really a Crisis in Emerging Markets?
January 29, 2014 at 15:24 PM EST
Overnight Monday, China injected liquidity into the banking system, to help stem the tide on their cash crunch. India raised rates. Nothing bad happened in Argentina. Then after the close on Tuesday, Turkey raised rates from 7.75 percent to 12.0 percent to defend the lira. As a result, the Dow rallied for