The “synchronized growth” mirage is fading; Turkey is not the only country who’s currency is melting away.
The "synchronized growth" mirage is fading. The bond market -like most markets- is a game of relatives. As investors become aware of liquidity and solvency risks in "high yield" and emerging markets, funds flow into US treasuries and dollar assets despite their own challenges pic.twitter.com/KXJwLqyyJS — Daniel Lacalle (@dlacalle_IA) August 13, 2018 What do you … Read more