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Warren Buffett Bets on Growth in Emerging Markets

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IT'S A BET ON AMERICA, BUT NOT THE DIRECTION YOU THINK
"Buffett’s big investment in railroads looks like a shrewd way to bet on growth in emerging markets—which is where most incremental demand for US raw materials and grain comes from," writes Simon Johnson. "It’s also a polite way to bet against the dollar or, even more politely, on an appreciation of the renminbi."

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