Everybody has been buzzing about Nik Wallenda and his daredevil crossing over Niagara Falls this week.

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And then, I thought of the economic consequences of spilling over Niagara Falls.

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The short-term prospects for emerging market equity rests on U.S. and European policy makers, which is like tight-rope walking over Niagara Falls, wearing ankle weights.

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When asked by ABC how he planned to top the walk over Niagara Falls, Wallenda said he hopes to become the first person in the world to walk a tightrope across the Grand Canyon, in Arizona.

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Assuming that about 50.5 thousand gallons of water fall over both sides of the Niagara Falls each second, 1 trillion gallons would require more than three weeks.

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Niagara Falls International Airport near Buffalo is next on the list--to be taken over by Cintra, a Spanish road and airport management company.

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