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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 […]

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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 […]

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Forget China: This Extremely “Developed” Country Just Suffered Its Biggest Money Outflow Ever

Forget China: This Extremely “Developed” Country Just Suffered Its Biggest Money Outflow Ever While understandably all eyes have been fixed on every monthly capital outflow update from China (even the ones that the Politburo is clearly massaging), few have noticed that one of the biggest total outflows currently in the global developed economy is taking place right in America’s own […]

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How Bad Can This Get, And How Fast?

How Bad Can This Get, And How Fast? There’s so much negative real bad economic and financial news out there that it’s hard to choose a ‘favorite’, but I guess I’m going to have to go with what underlies and ‘structures’ it all, the IIF stating that for the first time since 1988 and the […]

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“Calm Reigns” Everywhere As Greece Inches Closer To Default, China Crashes

“Calm Reigns” Everywhere As Greece Inches Closer To Default, China Crashes In what is perhaps the most glaring instance of central bank intervention yet,Reuters today captured the market mood as follows: “Calm ruled Europe’s stock and currency markets on Friday as Greece inched closer to a default later this month….the euro was down just 0.3 percent […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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