Emerging Market Massacre – China‘s Yuan Argentine peso Turkish Lira Iran Rial ….and now Ruble… Financial conditions are tightening

China‘s YuanArgentine pesoTurkish LiraIran Rial ….and now Ruble The pain in emerging market currencies pic.twitter.com/GRQFM6v3xk — Russian Market (@runews) August 8, 2018 Emerging Markets: "The spreads of corporate bonds with the worst credit ratings in particular have hardly ever been …

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Time to panic (if you’re the IMF). $50 billion credit line not enough to stop Argentine Peso from breaking 26.

https://twitter.com/pierpont_morgan/status/1006234510458081280 Argentina's Peso Is Collapsing Again https://t.co/iQKtvZXLAE — zerohedge (@zerohedge) June 11, 2018 Just a few short days after agreeing a record bailout by The IMF, Argentina’s currency is back in freefall,collapsing to more than 26 pesos per dollar as Argentine truckers …

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