The headline right now on Yahoo! news is ......Asia stocks down as euro debt woes multiply. No surprise here.
The reasons Emerging markets will continue its long decline in 2012 are: 1. Commodity export prices, the maintsay of many emerging economies, continue to slide. 2. Oil, an exception, is rising, disproportionately hurting emerging economies 3. Chinese growth has fallen four quarters in a row 4. The Arab Spring, though it may be good for democracy, has been hurting economies in North Africa and the Middle East. Egypt, for example, is on the brink of collapse.
2012 won't be as bad as 2011 was, but it will be bad enough.