Joe Portera
Joe Portera
hiding might volatility
The volatility might be in hiding right now.
emerging huge last month seen volatile
You've had a huge run. In the U.S. in the last month and a half, you've never seen such a volatile interest-rate environment. You haven't seen that in emerging markets.
emerging happening markets money
I think what's happening is a lot of these emerging markets have matured, so a lot of speculative money has disappeared.