To usher in the Lunar New Year read this Jakarta Post piece on the high-spirited Year of the Horse.
John Hilsenrath warns in Central Station on the WSJ Real Time Economix blog that there may be 'No Bottom in Sight for Emerging Markets' and he uses a chart from the World Bank's Global Economic Prospects to make his point.
India, Turkey and South Africa have all raised interest rates this week. This was in part to stop sharp devaluations fuelling inflation as investors switch into recovering developed countries such as the US. India‘s central bank governor has hit out at the US and other industrialised countries for running selfish economic policies.