Economic crisis in the post-Bretton Woods age
Here are some brief thoughts on the monetary system’s role in repeated economic crisis in the last 40 years.
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Browsing Tag
Turkey
Economic and market themes: 2014-02-21
Themes for today:
Real economy deterioration in Argentina, Brazil and Turkey is evident.
Ukraine may be isolated without contagion.
US data continues to surprise to the downside.
Eurozone data may surprise to the upside.
Sweden may…
The latest picture in Emerging markets and EM currencies
By Win Thin and Ilan Solot
With their backs against the wall, policy changes are ramping up amongst major EM countries. Yet the positive impact has been limited so far. We do note that countries that tightened aggressively and…
On high yield and high risk investing in EM and junk debt
Right now, everyone is talking about an emerging markets crisis due to the simultaneous turmoil in several emerging markets. I am not concerned about this being a full-blown crisis yet. At the same time, I do want to use this as a launchpad…
Turkey Moves, Focus Shifts to Fed
- The most important development has been the dramatic rate hike by the central bank of Turkey
- The effective tightening by the Turkish central bank was 2.25% - a lot less dramatic than the headlines would suggest
- The rate hikes in…
The emerging markets crisis has three causes
On Friday, I wrote about the slowdown in China, the bear market in commodities, and the volatility in emerging markets as being all interrelated. Of course, there is more to the selloff in emerging markets than just the slowdown in China…
EM Preview For the Week Ahead: 2014-01-13
By Win Thin and Ilan Solot
Despite the growing tensions in Thailand and the risk of military involvement, equity indices stared off the week higher and THB stable. There is some optimism that a possible delay to the February 2 vote could…
How QE’s potential unwind reveals the existence of the currency wars
Emerging markets currencies are getting hammered across the board today on the back of the FOMC minutes. Many are touching multi-year or even all-time lows. This provides further confirmation that the Fed's recent monetary stimulus effort…
EM Preview for the week ahead
Updates of most important data flow in the week ahead for 1 Jul 2013
Serious turbulence in Emerging Markets as assets re-price globally
By Win Thin and Ilan Solot
from yesterday
What has changed? In short, pretty much everything. The FOMC meeting and the market reaction has fed into a deeper re-pricing of assets globally.
The selloff in the EM space has been…