Emerging Market Debt to join the Credit Crisis

The 'global growth' might have been of those stories we hear at the top of the market. argentina is under threat of default, in one or two years that list could expand significantly. Spain could be there

 

When emerging market debt turns into submerging market debt, be careful, be very careful.

 

Iceland and Argentina now toast. Hungary next, the baltics too(Latvia, Estonia, Lithuania). If China goes into hard landing along with the global economy we might have to coin a new term 'IMF friday'