HANS TIMMER: "By far the most, the biggest story is the very strong performance of the emerging economies."

Hans Timmer：“目前为止，最重大，最显著的就是新兴国家的强势增长。”

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"The immediate impact of the financial crisis has been on the private sector, but before the year is out, we will likely see many countries run into fiscal problems," Timmer warned.

蒂莫警告说：“金融危机的直接影响一直在私营部门，但到年底前，我们就会看到许多国家出现财政问题。”

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Timmer explained that the global economy was going through “a perfect storm,” with the global recession, the credit crunch, and languishing confidence working together in a very negative dynamic.

蒂莫解释说，全球经济正在经历一场“完美风暴”，全球衰退、信贷紧缩、信心低落，这些因素共同作用，形成一股非常消极的动力。

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Jurrien Timmer, director of global macro research for Fidelity Investments, agrees this is a distinct possibility.

WSJ: Watch for a Post-St. Patrick's Day Selloff

"The Fed will want to keep that bazooka in its pocket, " Mr. Timmer said.

WSJ: Dow Closes Above 13000; First Time Since May 7

There have been three long-term bear markets since 1902, each lasting an average of 14.5 years, and each including at least three short-term bear markets with declines of 20% or more, according to Mr. Timmer.

WSJ: Watch for a Post-St. Patrick's Day Selloff