Tag Archives: A Day In The Life Of A Falling BRIC

ZeroHedge – A Day In The Life Of A Falling BRIC – 5 March 2015

ZeroHedgeSubmitted by Raul Ilargi Meijer via The Automatic Earth blog,

It’s not that long ago, in 2001, that Jim O’Neill, then still with Goldman Sachs, coined the term BRICs, for the fast emerging markets of Brazil, Russia, India and China. O’Neill saw a global power shift from the west to these four nations happening. Fast forward to today, and we see Russia under multiple attacks, including economic ones, from the west, as India just announced the second rate cut this year and China is attempting controlled demolition of the possibly biggest financial bubble in the history of the world.

Read the full story at: www.zerohedge.com / link to original article