Rohit, thank you for your comments. I very much agree. Many emerging markets are in a real pickle (what we say in America for people in a difficult situation)! Should they try to retain/attract capital, they must raise rates. But if they do so, the economy will suffer. If they don't raise rates, they escalate inflation. Of course, it's not only US monetary policy that will influence their choices as well. Will Japan maintain aggressive QE? Will there be any structural changes in the euro - particularly as it affects Germany's exports? How do individual emerging markets react? Russia for instance, has indicated that it is comfortable with a lower ruble, so looks like they are choosing inflation. But what about Brazil? India? Malaysia, Thailand, Viet Nam, etc.? We will learn a great deal in coming weeks. Stay tuned!