I saw a television program where a financial expert was being interviewed. He was asked what the prospects were for those who lost their jobs in investment banking in New York and London. His reply was, " As the saying goes , it is Shanghai , Mumbai , Dubai or Goodbye !"
Although the statement was made with tongue in cheek, the message appeared to be,"Look to the emerging markets "
This is in keeping with my thoughts expressed in my previous post of how the emerging markets will attract investors and the attraction will be heightened by the collapsing mature markets.
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