Emerging Markets

"As much as I would like to buck the bearish sentiment, I continue to see EM as an underweight, in currencies, bonds and equities." That's how I ended the last post. Yet, at the same time, even as crisis deepens in the emerging markets,…

Emerging market equities are in a bear market as of today. So, right now, everyone seems to be talking about contagion in the emerging markets. As the day began, the US dollar was posting gains against most currencies, emerging market and…

Happy Tuesday! In the US, the summer holiday season is officially over today. And so, markets here are fully re-engaged. That usually means a reassessment of the economic, political, and investing landscape. And that has sometimes led to…

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.…

I am looking at the emerging markets turmoil as fundamentally strong dollar-driven. But other central banks may enter the picture soon.

Despite a 43-year low in UK unemployment rates, wage earners are losing ground. As the Bank of England decides how to respond, we can see signs of a global tightening in monetary policy.

The Turkish central bank has days to stop the currency freefall before we see defaults.

Russell Napier makes some astute observations about money supply growth and the still potent threat of debt deflation dynamics

Lots of positives. The earnings data looks good. This Goldilocks period for the US looks set to continue. Even Germany has shown some signs of economic strength recently.

The big idea in today's daily newsletter is that 2018 is as good as it gets. There is also commentary on the manufacturing sector, yield curve flattening, and bond market liquidity