Goldman: This is the third wave of the financial crisis

``Emerging markets aren't just suffering through another market rout--it's a third wave of the global financial crisis, Goldman Sachs said... "The ultra-expansionary monetary policy of the developed economies prompted many investors to invest in emerging markets in part because they offered an interest-rate advantage," Deutsche said. "In reality, however, this favorable financing environment simply helped emerging markets to veil their growing economic weakness."''