Good point about capital continuing to move further East. I am not sure about the equity's though. During the last financial crisis equity markets around the world got crushed. When QE was introduced they soared. If Central Banks are able to do any type of QE, then yes. But I think they are out of ammunition. My thoughts are if we crisis hits the monetary system is revamped creating a new type of currency or basket of currencies. After all of that is resolved the equity markets would resume their climbs.