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Emerging markets can be divided into 3 classes: 1. countries wealthy in human sources (China, India, Philippines), two. nations rich in mineral (nations in Africa, Latin America or Russia), and three. nations wealthy in monetary resource (nations in the Center-East).
What the German minister is stating is the Federal Reserve is planning on printing more money and buying US Treasuries (asset purchases), which will devalue the dollar against other world currencies. We will discover out for particular on November third from the Fed if this is the case.