The emerging markets crisis is real now
More and more people are talking about the spillover of Fed policy into emerging markets as the crisis there gathers pace. I know the Fed Chairman Powell has said that EM is not his concern. Nevertheless, we are reaching a point where he may start to backtrack on those statements.
Here's the Wall Street Journal just yesterday:
The tumult highlights a heavy international dependence on the dollar. Some 48% of the world’s $30 trillion in cross-border loa...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.