The phenomenon driving emerging markets is...

If your money doubles every five years, the compounded return that you are earning on your investment is somewhere close to 15%. Similarly, if it is doubling in every four years, the compounded return is in the vicinity of 19%. Have you ever wondered how long it will take to double your money if the interest rate is as low as 0.01%? Well, you don't have to do the math. We will save you the effort and let you know that it will take all of 6,932 years! Yes, you've read that right. It will take a mammoth 6,932 years to double your money if you are earning a return of 0.01%. While this may seem like a joke to you, people invested in the US money market instruments currently are earning just that, a paltry return of 0.01%.