The list of (emerging) stock markets that are down 15% or more (measured in #USD) has become pretty impressive.
The list of (emerging) stock markets that are down 15% or more (measured in #USD) has become pretty impressive. pic.twitter.com/wtCRau5PDP — jeroen blokland (@jsblokland) August 16, 2018 The Emerging Market Sudden Stop: 1. Build massive fiscal and trade domestic imbalances because “we have margin”2. Mirage fades. Capital flights.3. Reserves deplete4. Central bank implements capital controls … Read more