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Developed markets have performed much better than emerging markets this year.
And finally, remember that there's nothing better than emerging from that stifling, bitter, pushover cocoon into a world where you can express yourself freely and call your own shots.
All of these countries managed through the financial crisis much better than emerging economies have during previous global recessions, and this reflected their economic fundamentals, which are on much more solid footing than at any time in modern history.
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When it comes to resolving contract disputes, the U.S. and other industrialized nations do a far better job than emerging economies.
Yet a consistent pattern is hard to find: emerging-market bonds, for example, have done much better than emerging-market shares.In developed markets the share prices of medium-sized companies have fallen by more than large ones, but the prices of risky companies' bonds have barely fallen.
Why is India doing better than most emerging markets?In part optimism about India owes to its newish government.
No wonder Mr Erdogan has now begun to talk of doing a deal with the IMF after all.Yet in many ways Turkey has weathered the credit crunch better than other emerging economies.
The VanEck Russia (RSX) fund is now down 4% year to date, better than most emerging markets.
"The Polish emerging market works much better than the Polish emerging democracy," says Grzegorz Kolodko, a former finance minister now based at one of Warsaw's top business schools.As you inch into town, cast an eye on the concrete-panelled fences to right and left, and the vast tracts of former military land behind them.
But I knew better than to complain: The quality of the connection is almost always better in emerging markets than Western Europe.
Retail and consumer-goods companies in emerging markets have comfortably outperformed their rich-world counterparts; but shares of rich-world energy and industrial firms have done better than those in emerging markets.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com