Thursday, April 2, 2009

What's the Longest River in Emerging Markets?

"de-Nile". This is a quote from a recent piece in the Washington Post on banking and the emerging market economies. It provides a good perspective on how financial markets can be manipulated by few, to the detriment of many. While there are precedents to the current economic crisis that we can analyze and learn from, the situation is much like a strain of flu that "mutates" into a stronger more virulent form, and becomes resistant to drugs created to combat it. These are truly uncharted waters, and many outcomes are possible.

For Women of Wealth, what is most important is to be aware of the "macro" economic perspective, and use this to create up a "micro" or tactical approach to financial planning and build toward a positive outcome. The ultimate goal is to provide financial independence by which you can live out your social biography, and create a better world - for your children, your parents, and yourself.

There will continue to be pockets of opportunity amid the current crisis to invest into Emerging Markets. This has traditionally been the areas of highest growth. Once we get past the current set of issues with the world banking system, these markets with continue to grow. What we need to prepare for, is the strong possibility that the US may experience a prolonged period (a decade?) of stagnant growth, much like Japan in the 1980's. With a well conceived social biography and underlying financial plan, you can get past the present and into a bright and prosperous future!

Until next post, continue to believe, achieve, receive. SDG - JBHIV

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