Monday, January 27, 2014

Turkey, Venezuela, China all at once is trouble

"If it were just Turkey, we could deal with it. If it were just Venezuela, we could deal with it. If it were just China, we could deal with it. But, you throw them all in the pot at one time, you've got a problem everywhere… This is very real."

The real reason that we've gotten the stock markets to tumble as strongly as they have are these problems all coming in one fell swoop at one time. It's quite serious.

via http://finance.yahoo.com/blogs/talking-numbers/here-s-why-emerging-markets-scare-me--but-here-s-what-terrifies-me--gartman-193123915.html