Home » Posts tagged 'emerging markets' (Page 5)
Tag Archives: emerging markets
A New Global Debt Crisis Has Begun
A New Global Debt Crisis Has Begun Emerging-market debt crises are as predictable as spring rain. They happen every 15–20 years, with a few variations and exceptions. In recent decades, the first crisis in this series was the Latin American debt crisis of 1982–85. The combination of inflation and a commodity price boom in the […]
Emerging Market Contagion Goes Global As Fund Outflows Spike Most In Over 4 Years
Emerging Market Contagion Goes Global As Fund Outflows Spike Most In Over 4 Years Despite promises from various foreign officials that just a little more intervention and just a few more billion in bailouts from Lagarde will ‘fix’ the “short-term speculator-driven” crisis in Emerging Markets (even as Brazil admits failure), things are escalating way beyond […]
Argentina Bailed Out With Biggest Ever Loan In IMF History
Argentina Bailed Out With Biggest Ever Loan In IMF History Just a few weeks after Argentina became ground zero for the coming Emerging Market crisis, when its currency suddenly collapsed at the end of April amid soaring inflation, exploding capital outflows and a central bank that was far behind the curve (as in “13% of […]
“EM FX Never Lies” – BofA Warns As Brazilian Real Is Routed
“EM FX Never Lies” – BofA Warns As Brazilian Real Is Routed Mohamed El-Erian warned overnight that Brazilian policy makers are “in quite a tricky position — and there’s little room for error,” and judging buy this morning’s rout in the real, he is dead right. Crippling nationwide trucker strikes, which prompted the resignation of […]
“Dollar Is King”: Indonesia Joins India In Begging Fed To Stop Shrinking Its Balance Sheet
“Dollar Is King”: Indonesia Joins India In Begging Fed To Stop Shrinking Its Balance Sheet It’s getting a little tight around the neck for emerging market central bankers. On the same day that the governor of Malaysia’s central bank quit, and just days after Urjit Patel, governor of the Reserve Bank of India, took the […]
Why India’s Surprise Rate Hike May Lead To The Next Emerging Market Crisis
Why India’s Surprise Rate Hike May Lead To The Next Emerging Market Crisis Following RBI governor Urjit Patel’s Op-ed earlier this week, in which he lamented the growing dollar shortage as a result of the Fed’s ongoing tightening, it is perhaps not surprising that this morning India became the latest central bank to “surprise” markets […]
Central Banker Observes Sudden “Evaporation” Of Dollar Funding, Warns Of Global Turmoil
Central Banker Observes Sudden “Evaporation” Of Dollar Funding, Warns Of Global Turmoil Last October, just as the Fed started shrinking its balance sheet, we published yet another article on what is arguably the biggest threat to not only risk assets, but also the global economy: “The Dollar Funding Shortage: It Never Went Away And It’s […]
Art Berman: Think Oil Is Getting Expensive? You Ain’t Seen Nothing Yet.
Art Berman: Think Oil Is Getting Expensive? You Ain’t Seen Nothing Yet. A global supply crunch approaches… After issuing clear warnings on this program that sub-$50 oil prices were going to be short-lived, oil expert and geological consultant Art Berman returns to the podcast this week to explain why today’s $70 oil prices will go […]
Emerging Market Debt Defaults on the Horizon?
Emerging Market Debt Defaults on the Horizon? QUESTION: Mr. Armstrong; You said that the emerging markets are a huge problem that will lead to a Sovereign Debt Default. Can you elaborate on that statement? Thank you for your insight VU ANSWER: The emerging markets are in far worse shape today than they were even back in 2008. […]
Why Global Growth Hit A Wall: China Credit Growth Continues To Slow
Why Global Growth Hit A Wall: China Credit Growth Continues To Slow QUICK TAKE: In short, our thesis is that city-level and regional macroprudential tightening policies in China currently will render economic growth in 2Q18, but more importantly 2H18, dismal; we believe this will spread to emerging markets, rendering the “global coordinated growth” bulls out […]
Argentina’s Peso Crisis, Capital Flows and Financial Fragility in Emerging Markets
Argentina’s Peso Crisis, Capital Flows and Financial Fragility in Emerging Markets On May 4, the Banco Central de la Republica Argentina, the country’s central bank, raised policy interest rates to a whopping 40 percent to stem the rapid depreciation of the national currency, the peso. The surprise rate increase was the third in a week […]
EM FX Plunges: Argentine Peso Re-Crashes, Turkish Lira Tumbles To Record Low
EM FX Plunges: Argentine Peso Re-Crashes, Turkish Lira Tumbles To Record Low Just hours after Fed Chair Jay Powell implied that ’emerging markets are on their own’, EM FX is re-collapsing… with Argentina (despite a 1275bp rate hike) and Turkey both crashing to new record lows… “There is good reason to think that the normalization […]
Fed Chair Powell To Emerging Markets: You Are On Your Own
Fed Chair Powell To Emerging Markets: You Are On Your Own Over the weekend, when commenting on the ongoing rout in emerging markets, Bloomberg published an article titled “Rattled Emerging Markets Say: It’s Over to You, Central Bankers.” Well, overnight the most important central banker of all, Fed Chair Jay Powell responded to these pleas […]
2018: The Year of Living Dangerously
2018: The Year of Living Dangerously I’m calling 2018 “The Year of Living Dangerously.” That description might seem odd to lot of observers. Major U.S. stock indexes keep hitting new all-time highs. 2017 went down as the first calendar year in which the Dow Jones industrial average was up for all 12 months. Even in […]
