No. of Recommendations: 0
Its been a while since we've had a good emerging market meltdown. The recent increase in volatility, combined with historically tight credit spreads have me thinking one's on the way.

The possible impetus: how about the rising tide of left-wing socialist leaders in Latin America. So far Lula and company have supported free market economic policies, but that could certainly change. Seeing the president of Argentina recently calling for a national boycott of Shell's gas stations scares me.

That being said, I love emerging market collapses (from an investing standpoint) because they provide a wonderful opportunity to pick up bargains when everyone else is running scared. I predict a sell off later this year followed by some very happy Christmas shopping.
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