The First Global Domino Tips
Everything is running smoothly according the mainstream media. The economy is churning ahead with nothing in sight to derail it. We can expect global expansion to continue for some time.
That is the mantra at least.
Looking at the emerging markets tells a different story. One of the BRICs, Brazil, is in a bit of a tailspin. The currency is falling while the economy is slowing. Three months ago was the first sign of crisis although the leadership put a spin on it.
It seems that since Brazail is accustomed to dealing with this, there is no reason to worry. The challenge is that this country did not get passed their last crisis in 2013. In short, they are still dealing with the fallout from that while encountering another one on the horizon.
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