The ones that are most vulnerable are the ones that have to borrow money in order to finance their balance of trade deficits. Indonesia is an example which comes to mind here in Asia. India has got the same problem, Turkey has the problem. Anyone who is using borrowed money to finance trade deficits are the ones that are going to get hit first.
Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several books and also a financial commentator worldwide.
