Philly Jim

Sovereign Default Outlook Causes Panic in CDS Market

Short the entire emerging economy - it's going black, forget about red. Take a look at the lifeblood of these economies, the indexes like Baltic Dry, etc.. The middle eastern economies are not going to be immune, they are betting on a strong consumer in the emerging markets but they have totally destroyed the demand for their oil in these emerging markets - the Western economies are just about the only ones who are not off oil burning cars yet and will be before 2020 which means disaster for those dependent on an oil economy.