主题：我们总结一下央行手头的预备队，以及预备队需要填补的缺口， -- mopfish

BRIC nations. Deja Vu of 2008, but at a MUCH SLOWER pace.

1. India is in very dangerous shape already, but western media have chosen not to give too much attention.

2. Russia is a commodity exporter with collasped industry sectors. Its national budget relies on high oil price (at least 110, Brent price) and given the strengthening of USD and the declining of oil price, life for Putin is becoming increasing difficult.

3. Brazil: very exposed to China growth.

4. China is actually slowing down very fast since its past GDP is mostly driven by various construction projects (infrastructure and real estate). Q2 actually slowed fast and the recent 7.6% growth rate is clearly forged.

Domestic consumption grew too slowly and Wen will have to resort to massive stimulus policy again soon. Political uncertainty in China and slow growth has resulted in a large outflow of USD out of China.