Just Talked About This Last Night

I think I said China is likely to hike rates again before this month is out, this doesn't bode well for the Emerging Market Longs as China is the premier Emerging Market. This story hit the wires from Reuters. I think after seeing what's been going on in North Africa, this particular line of the story sums it up,

"The government has vowed repeatedly to tame inflation, a source of social unrest in the past and a major concern for the ruling Communist Party, which prizes stability above all else."


Here's the rest of the Story