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Global leaders are in shock at the specter of a sovereign debt default that is shaking the global financial system to its core.The hopes pinned on emerging markets are fading fast,michael kors makeup bag, as even the economies in China,michael kors purses, Brazil,cheap michael kors purse, Russia and India cool as anticipated during the long wave winter.The perfect storm is gaining strength.Emerging markets are stumbling; corporate profits will now take a hit when the global economy can least afford it.The global economy is now in the final crisis years of the long wave winter season that will be cruel to corporate profits.The long wave is essentially at its heart a boom and bust cycle of corporate efficiency produced by human action.
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