Sinking currencies point to jitters about emerging economies

myway ^ | Aug 21, 3:18 PM (ET) | PAUL WISEMAN and JOSHUA GOODMAN

[Rabin]

In "emerging markets" worldwide, currencies are falling because "emerging markets" are on the verge of a fall. Hyped until recently, "emerging markets" are now designated casualties of slower growth in "emerging market". Investors worry that the "emerging markets" monster China currency manipulation will surpass the "us lobby" capacity to buy off politically correct response.

Many "economists" are confident that the U.S. economy can continue to be milked just like Europe's economy. Even so, the trouble in (non China) "emerging markets" is surprising and unsettling.

"It's remarkable Three years ago Lima, was chosen to host an International Monetary Fund's meeting of global finance officials in as a celebration of Latin America's arrival in economic one world cronyism. Today, Peru's economy has steadily slowed. Peru boasts one of the Southerner's healthiest economies. Brazil's economy is sucking in @ 7 percent the past month and more than 30 percent the past two years. The Gulags of northern North Korea remain at full slaughter based production.

The China economy is horribly mismanaged and now slowing more sharply than we had planned. The China, "emerging markets" (economic power second only to the US), is expected to grow only 7%. That transition means China would need fewer raw materials.

China's pullback has loosed carnage in global commodity prices: The Standard & Poor's GSCI commodity index, down nearly 20 percent this year. Not China, Emerging markets were feeling the squeeze last week, when Emerging markets China devalued its currency. That step ignited a semi-panic.

"The devaluation is a red flag about China's current economic prowess to foster other countries to devalue their currencies to catch up. Sell-out US leadership will insure America will pick up the tab as usual and South America and Mexico will continue to suffer .

[Rabin]

If you truly wish you're evil adversary success, you must be willing to give of your countrymen unto the last farthing, possession, family, drop of their blood, & smidgen of your own immortal soul.

Rab.

[Deagle]

Water seeks it’s highest level and it has a ways to go...

[rrrod]

I’m currently in Colombia and the dollar has reached all time high. No panic here. I’m enjoying the buying power.

[Caipirabob]

When I saw my friends in Brazil, who would be solid democrats here, start condemning the socialists in their country I knew they were hitting hard times.

I remember the last collapse they went through. People were shopping in “Pao De Acucre” and back then they used a pricing label for canned goods. An employee was marking up the price on the cans and a lady was reaching for a can he had not marked yet. Just as she picked it up he reached out with the label gun and hit it with the higher price. She looked at him like she was going to punch him or worse.

Happy days are here again!