"Financial Times": the next crisis will occur in emerging markets

As usual, I did not participate in any of a Davos forum. But I managed a few interesting people and discussed the global economy.
My feeling is that optimism has returned. Even "Dr. Doom" Roubini was also optimistic than ever. China and India at Davos to show a strong power, reveal a message - their time has come. It seems not many people have questioned China and India will continue to maintain high growth. Sentiment about the U.S. economy has also been significant changes. Some observers even in the discussion of contribution the U.S. economy will grow 3.5% in 2011. Most people believe that the federal government in the sale of bonds will not encounter too many difficulties. Even the panic about the euro area seems to have eased a lot. People seem to believe that defaults will not appear on this year.
At the same time, it is likely that they can find another party point of view, one of them to emphasize the economic uncertainty. Another perspective emphasizes the euro zone may be an unexpected breach of contract, breach of contract may be the Irish State, and breach of contract may occur in the country after the election. This may lead to market volatility and European banks rely on these markets. Another concern is that inflation and high-income countries are increasing the public debt.