"Latin America braces for bubbles as funds flow in" from South China Morning Post

"Foreign capital flows last year and this year will likely be Latin America's highest for any tow-year period since 1993-94, the World Bank says.

That time around, the boom in foreign investment immediately preceded currency crises in Mexico and Argentina after inflows reversed.

"It feels like a bubble, it smells like a bubble and it probably is," RBS said in a report on emerging market inflows."