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06-26-2013, 18:05 #1NewsBot
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Will the Fed Cause the Next Emerging Markets Crisis?
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06-26-2013, 19:06 #2My Charts Talk To Me
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Re: Will the Fed Cause the Next Emerging Markets Crisis?
YIKES!!!
Originally Posted by Forex-Bot
“If the Fed does what they say they're going to do—which I don't think they will—but if they do… and they reduce asset purchases and U.S. interest rates go up, the capital outflows are going to come from the emerging markets back to the U.S., the carry trades are going to be unwound and that’s going to leave these economies high and dry,” says Jim Rickards, senior managing director of Tangent Capital.
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