Category: Currency Currents
- Published: 06 July 2009
- Written by Editor
Beware of Falling BRICS
The BRIC countries which include Brazil, Russia, India, and China are talked about as if they are some monolithic grouping that will carry the world out of the great depression we seem to be now mired. But monolithic this group is not. And more importantly, their collective demand is not enough to do the trick even if they were a real block moving together.