The turmoil in US stock markets is making all the headlines. But BRIC nations are facing a much deeper crisis in their stock markets.

On Monday, authorities halted trading on Brazil’s Bovespa for 30 minutes after it tumbled 10%. Trading in Russia was frozen on several occasions in the last two weeks to prevent an all-out collapse of the market. And China’s CSI Index has lost 58% of its value so far this year.

Despite recent setbacks, however, Andrew Gordon reckons Brazil is the most likely of the pack to weather the current financial storm

Although the EU and the US are in recession territory, prospects for growth in Asia remain strong, says Profit Hunter’s Manraaj Singh. This will be vital in sustaining global energy demand. It will also keep coal, the biggest source of energy for electricity production, in a long-term bull market.

The idea that the rest of the world has decoupled from the US economy has has taken it in the neck this year.

Major emerging markets -including China, South Korea, Russia and India - have seen stocks pummeled, as investors become more risk averse.

Eric Roseman says the fundamentals in these countries are far stronger than those in the US and Europe. Many emerging market nations have saved trillions in dollar reserves and have plenty precious resources to sell.

Eric says a strong rebound is on the cards, but only once US assets stabilize.

Last week it was the Democrats, this week the Republicans… Alternative energy will be the winner, regardless of who wins the election… Bill Bonner says the Fed’s easy credit policies may have set off a dangerous ripple effect in the economy… It’s a Wrap! Here are some of your top stories for this week:

At a price of just $2,500 each, Tata Motors Ltd.’s (TTM) Nano was billed early in its development as the world’s cheapest automobile and the only car that was both affordable and practical enough for India’s quickly burgeoning middle class. But the car that was emerging as a bright symbol of middle-class opportunity in fast-growing India could now epitomize something much darker: The human cost of rapid industrialization.