renaissance of emerging markets and their many impacts on the world’s capital and

commodity markets.  In the Fall of 1999, after completing a degree in International Business

and long before the “New Emerging World” came into being, I remember attending a

presentation in New York where I overheard a discussion of the state of the global economy

and what the future holds. At the time, the tech bubble had just about run its course, but

these individuals weren’t talking about the tech bubble; they were discussing credit.  I

remember hearing one of them say,