kerryvan:

Russia surpassed Germany as Europe's biggest auto market in the first half as sales rose 41 percent to 1.65 million cars, PricewaterhouseCoopers LLP said.

I'm not sure if that's good news or not. This article in SA today...

http://seekingalpha.com/article/84286-russian-inflation-is-the-boom-about-to-bust?source=wildcard 

... warns of a big inflation bubble in Russia, maybe problematic. I understand 12% inflation in India, since they have to import expensive oil; but Russia doesn't have that excuse! If this is a systemic problem, what does it say about the viability of stock prices?

I'm thinking of dropping EUROX for a time--it's 64% Russian, as of last report (1Q), and the next-biggest chunk is Turkey, which has equally bad inflation problems. Kerry, Norbert, what do you think? Is this a general drag, an imminent danger, or not-a-problem? Perhaps if EUROX is nimble enough to shift assets to the consumer side (all those car buyers!), they could still do well?

--AAlan