Dominic Elliot told us in the July 27th Wall Street Journal that "the 'BRIC' acronym [was] created in 2001 by a team led by Jim O'Neill, Goldman Sachs Group's chief economist to mean Brazil, Russia, India and China. The bank fashioned the acronym while making a prediction about the speed of growth of the four biggest emerging markets."
In his interview with Mr. O'Neill, you will find his case that their recent spectacular stock market performance is based on fundamentals.
Thursday, August 13, 2009
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