Emerging markets are comparative safe haven - Western economies are a basket case - Don Amstrad, Abe

This interview https://www.youtube.com/watch?v=3WclYu5l4G0&feature=youtu.be with Don Amstrad of Aberdeen is well worth watching. I think Ray Dalio's assessment of the outlook is more precise than Don's assessment, but there are some very useful observations in what Don has to say:

• Emerging markets are the comparative safe haven. They will be hit hard in the next financial crisis. But they will recover first and they will recover fastest because they have the ability to do so.

• The West are the basket case this time around. We are now at the end of the game, and the West will have to take the tough medicine. We are at the top of the roller coaster (in the West) looking down .. and it is going to be a pretty scary ride.Emerging markets are the comparative safe haven. They will be hit hard in the next financial crisis. But they will recover first and they will recover fastest because they have the ability to do so.The West are the basket case this time around. We are now at the end of the game, and the West will have to take the tough medicine. We are at the top of the roller coaster (in the West) looking down .. and it is going to be a pretty scary ride.