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Greenspan brought 'em down in the early Nineties so the banks could arbitrage money.
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And over the last year, Brazil is down 16.19% while the MSCI EM is down just 2.25%.
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To them, this line-'em-up-and-knock-'em-down style of football is poetry.
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The MSCI EM is down 6.17% by comparison.
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Second, the cyclical recoveries in EM have slowed down.
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The EM index is down around 5.8% year-to-date.
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The Market Vectors Local Currency EM Bond (EMLC) fund is down 1.4% by comparison.
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"I told somebody tonight, I said, 'Well, if another one comes and they tear some more stuff down, we'll help 'em build that back up, too!'"
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Go ahead and use 'em up, I thought, as I broke into a half-run down the slippery, rock-strewn path.
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The Olympus OM-D EM-5 is one of the slickest, smartest, sexiest little cameras ever to come down the pike.
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