Industrialized countries are dropping like flies into recession. So far, emerging markets have avoided the economic meltdown. But that is changing, says David Newman. He says investors should not be tempted by the huge bond yields on offer in countries like Argentina. In today’s climate, knowing you will get your money back is much more valuable.

When Anheuser-Busch Cos. Inc. (NYSE:BUD) shareholders voted to be acquired by Brussels-based InBev N.V./S.A, it affirmed a long-term strategy to penetrate the emerging markets that have long eluded the American giant.

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