Argentina, South Africa, Turkey, Russia

NY Times: Edgy Investors Are Retreating From Risky Economies - In stark contrast to the U.S., where a bull market continues, investors are pulling out of developing economies as the economic and financial risks mount. By Matt Phillips

The (Argentina) peso began to slide in April and is now down more 50 percent against the dollar this year. It has continued to drop even after the central bank raised interest rates to a whopping 60 percent and the International Monetary Fund approved a $50 billion line of credit in June.