"From QE2 to Arab Spring - a Lesson for the ECB."
Sober Look, Nov 20, 2011
With global growth looking like it is decelerating and EM currencies weak, current prices are signaling new peaks in terms of EM currencies, leading to renewed risk of social unrest as well as putting pressure on government subsidies and poor urban residents who spend a larger portion of their wages on foodstuffs.
|Corn, Wheat, Rice, Soy Bean equal;-weighted composite
adjusted for change in EM Currency Index value