First Argentina. Then Turkey. Could Brazil be Next? Santelli on the Global Exploding Debt with Professor Ken Rogoff

El-Erian Warns Brazil May Be Next Emerging-Market Domino to Fall

First Argentina. Then Turkey. Could Brazil be next?

Mohamed El-Erian hinted at exactly that as the Brazilian real led major currency losses Wednesday, even after the nation’s central bank offered $1.5 billion in extra swap contracts to keep it above water.

Brazilian policymakers are in a “tricky position — and there’s little room for error,” El-Erian, the chief economic adviser to Allianz SE and a Bloomberg Opinion contributor, wrote on Twitter.

Santelli on the Global Exploding Debt with Professor Ken Rogoff

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In this discussion with CNBC’s Rick Santelli and Harvard’s Professor Ken Rogoff, Santelli tries to get optimistic Rogoff to explain the monstrous debts.

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In the End Rogoff caves in and say’s we need to extend the maturity of the debt and lock in low rates before something bad happens.

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