Editor's letter: All eyes on the US Federal Reserve taper

Richard Jory
Richard Jory, Structured Products

In the real world, it takes a lot to convince investors that a country that makes a habit of annexing part of another's territory is a reliable target for their hard-earned dollars. There was a time when such action would throw the emerging markets into an extraordinary panic, with investors from all walks divesting themselves as quickly as possibly.

Not now, though. As politics take a back seat, investors continue to believe only in the fractured relationship they have with the financial market

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