Bubble in emerging markets?

Standard Chartered warns of a bubble in emerging markets.

Economists at Standard Chartered warned that urgent action was needed to address the potentially destabilising impact of "hot money" attracted by stronger growth and higher interest rates.

A combination of a prolonged period of low interest rates in the west and strong growth in emerging markets meant the money would continue to flow in. "The size of the flows could become more significant," he added. "There is a significant risk, even though it is a consequence of economic success."


The entire story can be read here:

http://www.guardian.co.uk/business/2010/apr/26/standard-chartered-emerging-markets-bubble-warning