Friday, 31 January 2014

Interesting times ahead ...

This story that broke on Bloomberg yesterday is what I had hoped not to hear for at least another couple of months. The word "contagion" is generally not used lightly - read the story here:


Today everywhere is down except for American Markets - Source Bloomberg SAST 12:00  on
31 Jan 2014

 Click to see current status

And then the news that Emerging Markets lost $ 10 billion in the past week - which would explain why so many emerging currencies around the world tanked so dramatically in the last week or 2.  Also see which Emerging Economies are appearing most at risk ... now add to that the current situation in these countries:
 BBC NEWS - Click to read article
Ukraine - Photo courtesy of BBC News

Seems like we might be in for a bit of a bumpy ride ? 


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