Easier places to lose money than emerging markets

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The old market joke is never to buy anything from someone selling you something. Emerging markets, a...

The old market joke is never to buy anything from someone selling you something. Emerging markets, according to the mass of marketing literature now dropping through the letterbox, is the place to be. In the wake of the last crisis in the sector, it is time to fill your boots with stocks boasting both value and growth, say the leaflets. It is true there have been some significant reforms undertaken in many countries. President Vladimir Putin is getting a grip on Russia. Countries in eastern and central Europe which used to be regarded as emerging markets - Hungary, Poland and the Czech Rep...

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