There's a lot to worry about.

There are very strong winds of change blowing through the continent of Latin America and they seem to be in somewhat of a left-ward direction.

My expectation is that we will see countries lapsing back to some sort of controls on trade, on capital, which isn't going to be too healthy for the global economy.

This plays very well politically in those countries. Prepaying the IMF is declaring independence.

There's just a huge amount of money sloshing around looking for a place to go.