The Slumping 'IC' in BRIC

Sold At The Top submits:

Looking deeper into todays OECD Leading Indicator release, one notable trend, namely the near simultaneous slowing of India and China, sticks out as very important development when considering macro-economic conditions going forward.

One theme that has been spun numerous times since the lows of March of 2009 is that outsized growth in the BRIC (Brazil, Russia, India and China) emerging economies would provide the global economy the boost it needed to shake off the malaise of the collapse and maintain an ongoing expansion.

It could easily be argued that investor enthusiasm for the speculative potential in these hot economies (along with the suspension of mark-to-market accounting and a few trillion here and there from the Feds) did, in fact, help to turn the trend during the dire days of early 2009 but many have taken the idea of these emerging economies actually driving the global economy with a "grain-of-salt" especially


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