The model results suggest no imminent 2008 type global crisis. The short-term measures have come down considerably. The crisis indicators for Europe and specific European countries of Greece, Spain, and Italy are near the crisis threshold but still below. Typically when a crisis is going to hit our indicators pass the threshold months in advance. Since the markets have already been rattled we believe the current measures near crisis threshold are more contemporaneous. When this occurs it typically means the end is near, however, the market is susceptible to another major shock 3-12 months out.
What to invest in today?
The top five markets we like are:
South Africa
Turkey
India
Mexico
Japan
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