Emerging Nations In Dire Straits – 10.09.15

More money is now flowing out of the emerging markets than flowing in. This is a recipe for worldwide disaster. There are five times as many claims for U.S. dollars as there are dollars in existence. When you add leverage to the problem, you can see what a dreadful downturn must be expected as all the overindebted assets get furiously sold off to generate the ‘real money’ that can be had once the debts are paid off. There won’t be much (if any) left. Mass bankruptcies and defaults to come. Last month’s unemployment report. Slumping factory orders indicate a struggling economy ahead. The California drought. Advice for those who have reached an impasse in their professional lives. The imminent demise of the TTIP (and, hopefully, the TTP). Building relationships: because of or despite the social media? Choosy beggars. ISM declining economic statistics. Networking.