Rate increase may hurt emerging economies

While some of the world's major economies are finally beginning to recover from the after-effects of the financial crisis, there's a flip side to that positive news.  Now, emerging markets are feeling the pressure.

Max Foster spoke to Marcelo Etchebarne from CEK Financial Group about the potential effects of a U.S. recovery on countries like Argentina.  

Etchebarne said that while Argentina has its own, unique circumstances, like sky-high rates of inflation, it does feel the impact of what happens in the U.S.

"Argentina has its own problems," Etchebarne said.  "But at this point in time, an increase in interest rates in the U.S. could be catastrophic in Argentina at some point during this year."