One theory is that the stock market harm this time, unlike the crisis in 2007-09, seems to be hitting the emerging-market economies the hardest.
The US economy has proven resilient in the past. It is often consumer led.
Recovery in the emerging markets may be harder. They are likely more dependent on China as resource buyers for their comeback. Even China does not yet have a consumer discretionary income available market.
What is your opinion? Sent from my iPhone on Friday the 21st of August