Investors would be well advised to heed a danger signal from the United Nations Conference on Trade and Development (UNCTAD), a heavy-weight source that released its report just last week. It warned that a serious potential crisis might break out in the emerging markets. This could then turn out to be the third wave of global financial crises, following the 2008 subprime mortgage crisis and the more recent 2011-2012 Eurozone debts crisis.

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