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http://www.ft.com/cms/s/0/4c6fae94-30cb-11e0-9de3-00144feabdc0.html#axzz1D5eC70xf

We have lived through some similar events. Some of us a few more than
others. The Western Markets always ignore the implications of turmoil
in big countries. I suspect some of the reason tthe Western markets
are rising is that investors do what they always do and that is pull
out of the emerging markets and the FT described this morning $7
Billion pulled from emerging markets because of the crisis as well as
a pull back in China, India and Brazil as concern for overheated
economies have moved into the Appearance of "safer" US Europe play.

Investors should look at the underlying driver of discontent in ME -
food prices rises that destablize even the more robust emerging
markets and lck of oppornities to work and earn a living.

I sent this article since it describes how western investors often
miss the big picture since they see the narrow picture of US growth
and unemployment. Since we will meet some corporate meetings over the
next month I wanted to make sure we understand just how much market
players miss while they try to see how US and Europe benefit from the
turmoil.

Michael