The next exciting saga in the unfolding disaster will come from emerging markets. Hints of the impending trouble are all over the net today. None of it is all that exciting yet, but in the past these kind of rumors and small stories have singled the start of a big blowup (by past, I mean over the last couple of months).

You can see some of what I am talking about with this post at Macro Man.

Or in this story from the Wall Street Journal.

Or in this from Felix Salmon.

Or in this from Naked Capitalism and this as well.

Plenty of more stories out there just like the one’s above.