31/08/18

Which Emerging Markets Will Run Out Of Money First: Here Is The Answer



----
Which Emerging Markets Will Run Out Of Money First: Here Is The Answer
// RSS

For years, in fact for the duration of the US dollar's use as a global carry currency, Emerging Markets - especially those with a currency peg - were a welcome destination for yield starved US investors who found an easy source of yield differential pick up. All that came to a crashing halt first after the Chinese devaluation in 2015 which sent the dollar surging and slammed the EM sector, and then again in recent months when renewed strong dollar-inspired turmoil gripped the emerging markets, first due to idiosyncratic factors - such as those in Turkey and Argentina...

... and gradually across the entire world, as contagion spread.

And while many ....

Posta un commento