Do you think that the situation for Turkey and Brazil will be better or worse, next year at this time?
Emerging markets are still in PANIC MODE. The meltdown is still occurring and doesn’t seem likely to end any time soon. Currencies are extremely weak versus the US dollar. Stocks are in a bear market. And the general sentiment is that we don’t know what will happen next year, next month, or even tomorrow. This makes is highly difficult to do business and that’s not good for the economy.
Turkey’s Meltdown Hits Japanese Mom-and-Pop Investors – WSJ
A Left-Wing Return in Brazil Is Investors’ Worst Nightmare
Germany calls for global payments system free of US | Financial Times