Stocks were smacked hard Wednesday by concerns that China's economy will begin to feel the pain of a selloff that has erased more than 32 percent from Shanghai stocks.
Speaking to CNBC-TV18, Russ Koesterich, MD and Global Chief Investment Strategist at Blackrock says that emerging Asian markets like India's are in a better position to withstand Fed‘s expected move with lower current accounts and fiscal deficits.
The world of zero interest rates has outlived its usefulness, according to a chorus of influential bankers, watchdogs and economists anxious about asset bubbles and wealth inequality.