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Easy money is sloshing around the global economy, thanks to rate cuts around the world.
That usually leads to bubbles, where money flows into an asset and pushes its price to unsustainable levels.
The next bubble could very well come from the same place as the last one, says Citi Investment Research strategist Robert Buckland: emerging markets.
Stocks from developing nations have been surging since the spring. Buckland, though, says emerging markets aren’t yet in full bubble mode, and they are likely set for more gains.
