Emerging Markets – Submerge! 1. Currency Wars, 2. Trade Wars. 3. Hot Wars – Turkey's Lira in Free Fall, Venezuela – Hyperinflation: A Roll of Toilet Paper 3 Million Bolivars. Argentina Bankrupt Again. Mexican Peso, & Brazilian Real Collapsing! China's Yuan – Devaluation Coming! pic.twitter.com/oOIOVuOV93
— Planet Ponzi (@PlanetPonzi) August 29, 2018
Venezuela's annual inflation rate measured for 8/28/18, is 57,856%. pic.twitter.com/erE2srQq7G
— Prof. Steve Hanke (@steve_hanke) August 28, 2018
Emerging Market Currencies vs USD up to July.
"All is discounted"
Emerging Market Currencies up to August.
"Well, not all was discounted, but now is different" pic.twitter.com/kA26q9S9Tj
— Daniel Lacalle (@dlacalle_IA) August 29, 2018
The Argentine peso plummets 7% to close at a record low against the dollar https://t.co/xOaMCR40pW pic.twitter.com/2hLdRKrdwt
— Bloomberg Markets (@markets) August 29, 2018