Emerging Markets Debate Rages: A New Black Swan?

The Federal Reserve has announced that QE3 will last for at least another month, but that hasn't stopped arguments about the future of emerging markets from raging. Not many analysts have had the time to issue reports in the wake of the Federal Reserve announcement, but there are some reports from before the announcement that shed light on EM policy for the medium term.

Many analysts are looking at emerging markets and seeing nothing but problems. Some see the Emerging Market Crisis as the ultimate progression of a problem that began at...