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(Untitled) Sep 1st 2013, 00:57, by noreply@blogger.com (Cliff Küle) Pop Goes The Emerging  Market Bubble Washington Post essay explores if we may be on the cusp of the next economic crisis, with the latest warnings from Brazil & India whose currencies are under attack .. "If the assaults spread to most emerging-market and developing countries, which represent about half the world economy, the effect on the fragile global recovery could be devastating. That's the bad news; the good news is that — for the moment — this is widely regarded as a long shot .. Every major financial crisis of the past 20 years has begun with some relatively minor event whose significance seemed isolated: weakness of the Thai baht in the summer of 1997; trouble in the market for 'subprime' U.S. mortgages in 2007; Greece's misreporting of its budget deficit in 2009. Could this be 'deja vu all over again'?" LINK HERE to the essay

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