[lbo-talk] they don't make mega-bears like they used to

[fcassia]

"
Another source of stress is emerging market economies. There are about
a dozen of them that are on the verge of a potential financial crisis:
Latvia, Estonia, Lithuania, Hungary, Bulgaria, Romania, Turkey,
Ukraine in emerging Europe . . . Pakistan, Indonesia or [South] Korea
in Asia. Places like Ecuador that just defaulted. Argentina and
Venezuela in Latin America."

I love it (sarcasm) when economits put all sorts of different
countries with different realities into the same package.

For instance, I'm sure that you're aware that Ecuador defaulting on
its debt is not an "unwanted result" of the current "financial crisis"
but was rather a deliberate decision by its president, after an
independent audit released a report on all the irregularities they
found.

More here
http://www.jubileeusa.org/fileadmin/user_upload/Ecuador/Ecuador_debt_fact_sheet.pdfupload/Ecuador/Ecuador_debt_fact_sheet.pdf&ei=rMdSSaqIK4G4tweY74XsBg&usg=AFQjCNFky81qRXliw8T1fFLKw1vufDO_Cg

FC