IT is beginning to sink in that falling crude oil prices could well be the pin that will burst the growing asset bubble in emerging markets.
Fuelled by an addiction to debt, stock markets and property prices have been at an all-time high since March this year, something that seasoned investors feared. The volatility index or better known as the fear index was at an all-time low two months ago. Something had to give in. Increasingly, most economists see the falling oil prices as the factor that will force market valuations to come to its senses.