Remember the Russian Ruble Melt of 2014? Now get ready for the Emerging Markets Currencies Shake-n-Bake of 2015:
It is a miracle that the Fed can do in the IMF-sponsored mercantilist world of Exports-led Recoveries... And guess who is now crying wolf? Why, IMF, of course: http://www.imf.org/external/np/speeches/2015/031715.htm. Except they don't dare call it a wolf, just 'lessons to be learned'.