Emerging markets sell-off has traders panicked

Each week I read all of the important stories affecting your business and investments. Below is the weekly catch-up, curated just for you:

…and then all of a sudden, everyone became super-freaked out by the emerging markets meltdown. (MoneyBeat)

$2 trillion asset management firm PIMCO lost it’s CEO this week. Now what? (Reuters)

How the United States is reinventing itself yet again (Washington Post)

The widely repeated myth about the “Death of the American Dream” and the decline of social mobility turns out to have been a complete lie. (New Yorker)

Meanwhile, the global elite are super-bullish, animal spirits abound. (Bloomberg)

Joshua Morgan Brown is a New York City-based wealth manager and popular financial commentator on CNBC. You can follow his writing at The Reformed Broker blog and his random outbursts on Twitter @reformedbroker.