Roberto Abraham Scaruffi: The great nonsense of BRICS!

Friday, 7 February 2014

The great nonsense of BRICS!

SPIEGEL ONLINEINTERNATIONAL NEWSLETTER 

Compiled on February 07, 2014, 06:43 PM CET

TROUBLED TIMES

Developing Economies Hit a BRICS Wall

Until recently, investors viewed China, Brazil and India as a sure thing. Lately, though, their economies have shown signs of weakness and money has begun flowing back to the West. Worries are mounting the BRICS dream is fading.

SOWING FEAR

World War I and the Seeds of Hyperinflation

The current debt crisis in Europe evokes painful memories of the German hyperinflation. Price increases began with the start of World War I in 1914 and ended in disaster in 1923. The event still influences sentiment about monetary policy in the country today.

THE THIRTY YEARS' WAR

How Peace Kept WWI Alive

On two separate occasions, in 1918 and 1945, the world had to decide what to do with Germany. The second time around, world leaders almost made the same mistakes that failed to keep the Germans down after World War I.

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