Wednesday, April 1, 2009
Welcome to America
I am going to work on a quick market summary for the quarter but this is a must read. (My husband ( ex emerging market trader ) could have written it, as for many. many years he lived it, and has been talking about the many issues raised in this piece for some time). The piece is from the Washington Post - "Welcome to America - The World's Scariest Emerging Market." I love this line..."On Wall Street there is an old joke that the longest river in the emerging-market economies is "de Nile" - very sad and very true. Let's hope the 10% probability does not come to be....... Read it and think.