Emerging Markets: A Contrarian Special?

Bangkok's Chatuchak market Photograph by Hong Wu/Getty Images

When the U.S. financial system crashed in 2008, market watchers were increasingly romancing the idea of a “decoupling” that would separate emerging-market fortunes from those of the subprime-hobbled U.S. Such economies as Brazil’s and China’s, the thinking went, had the demographics and national balance sheets to keep growing and wowing as America foundered.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.