Those "emerging" markets better off renamed "submerging" markets, ja-
It's becoming evident that the "emerging" markets are clearly "submerging" and if this keeps up, the 1997 "Asian Crisis" is gonna look like a "Markwright family outing" to Disneyland-
Feast your eyes on Exhibit "A"
China considers more subsidies for corn processors, state sales low
Corn processors with a capacity of more than 100,000 tonnes a year would be offered a subsidy of 200 yuan ($32) per tonne, double that offered last year, they said
"Many processors in the northeast are shut down or making losses because of government stockpiles. Without subsidies, more will be closed," said one industry source from the processing industry, who declined to be identified.
http://www.reuters.com/article/2015/04/16/china-corn-idUSL4N0XD2XV20150416
or... Exhibit "B"
Fix your eyes here on how currency culprits create a very volatile "stawk" environment, ja...
"Take Dong Jun, who earlier this year shut down his factory making lighting equipment and electrical wiring and let go some 100 workers. The 50-year-old comes to the plant in the eastern city of Yancheng almost daily, but spends his time trading stocks on behalf of his company, Yanwu Keda Electric Co.
“Manufacturing is a very hard business these days,” said Mr. Dong, chairman of the company. “I want to make some money from the stock market and use the profits to restart my manufacturing business later, when the economy turns for the better.”
http://blogs.wsj.com/chinarealtime/2015/06/17/chinese-companies-tap-stock-market-in-hunt-for-profits...
Then, there's always Exhibit "C" for those who caught this early on...
China Estimates Largest capital Outflow in More Than a Decade in Final Quarter 2014
BEIJING—China reported the largest deficit in its capital and financial account in more than a decade for the last quarter of 2014, the latest evidence showing that capital is flowing out of the country.
http://www.wsj.com/articles/china-estimates-largest-capital-outflow-in-more-than-a-decade-in-final-q...
Gottlieb
