The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
South Africa's second quarter growth undershot economists' expectations in spectacular fashion on Tuesday, a clear signal emerging markets face torrid times.
from Global Investing:
I have to admit, I was a little surprised. The invitation to a book signing came from an emerging markets investment firm by one of their investment professionals and on the face of it didn't really excite me. But I do have a lot of respect for the individuals at the firm and there was a quality to the invitation, one that didn't say hard sell, that compelled me to go and see.