Market Vitals: South Africa Stock Divergence?

EM Current Account Deficits Rising. South African stock divergence?

The slowdown from the big three (US, Europe, and China) is taking its toll on emerging/developing markets and its showing up in current account balance numbers.

...the current account balance of South Africa; the deficit is widening again. Keep in mind because of external funding dependence i.e. center to the periphery, a current account deficit is much more dangerous for developing world economies than those in the developed world.

Market Vitals | [] 24 July 2012 ~ [] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


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