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.

Plan your investment strategy well. And keep your eyes on the lesson that Hanna and other storms have taught us: Be prepared to duck the strong winds of a direct hit. But be equally prepared to surf the waves that are caused by a rising tide of a hurricane that makes landfall somewhere else.

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:

Gold showed some real signs of life yesterday when London opened for trading, but shortly after 4:00 a.m. New York time on Thursday morning, with gold up $15, the selling started again…and it just went on and on with few breaks…until a bottom was put in at 8:00 p.m. last night. It was a $23 spread between the top and bottom of the ‘trading range’. So far, the boyz haven’t been able to break through the low of August 15th. Let’s hope they don’t.

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.

“It does not take any prophecy or forecasting to see the second Industrial Revolution unfolding at light speed in places such as China and India,” says Mayer’s Special Situations editor Chris Mayer. That’s why any investor worth his salt must include overseas markets in his long-term investment plan. Below, Chris lists eight facts that show America is no longer top dog in the world economy…

Read about the automotive meltdown, and one company is conspicuously absent: India’s Tata Motors (NYSE:TTM).

Tata does not export to North America. It sells Africa, the Middle East, Asia and South America. It also has joint venture operations in Malaysia, Kenya, Bangladesh, Ukraine, Russia and Senegal.

The company seems well positioned to capitalize on the success of so many emerging markets. But trouble from Marxists in India and capitalists abroad is weighing heavily on the company’s shares, says Irwin Grenstein, writing for Contrarian Profits.

Ken Rogoff, former Chief Economist at the IMF, warned that ‘the financial crisis is at the halfway stage. I would go further to state that the worst is yet to come’. His prediction that a large financial institution would collapse led to a fall in global markets.

Now that China has proven to the world that it is possible to spend an obscene amount of money to build stadiums and buildings; use software to create fake fireworks; and use a playback singer to sing the Olympic welcome song – can India be far behind?

The former president of Brazil, Fernando Henrique Cardoso, has pointed out that the country’s new middle class is very different from the one Latin America experienced in the 1940s and 1970s: more dependent on the market than on the state.

It’s no coincidence that this market-driven generation is buying up cell phones like crazy.

What that means is market-driven economies, and the entrepreneurs that thrive in them, rely on real-time communications to run their businesses.