Wentworth Hauser’s latest emerging markets investment commentary looks at the situation in several different countries and how global central bank actions affect them. "The world stock markets continue to be strongly influenced by a plethora of macro factors. While past negative news gave ample reason for investors to worry, positive actions kindled an equivalently strong rebound in world markets. The world's central banks continue to fuel strong stock market advances as conventional and non-conventional measures are being used in an attempt to offset a distinct lack of credible fiscal policy initiatives in developed countries. The Federal Reserve Bank initiated the latest quantitative easing program (QE3) involving the large scale acquisition of mortgage-backed securities in an attempt to somewhat offset the anticipated recessionary effects caused by the previously discussed advent of the "Fiscal Cliff". Incidentally, the US economy might be able to better handle the onset of this event as residential real estate appears to have bottomed and employment statistics are showing signs of improvement."