Wednesday, September 24, 2014
The Fed Kills Emerging Markets For Profit
...It’s how the game is played. The weak must be sacrificed so the strong be stronger. It’s like a law of nature. From some point of view, at least. For me, it looks more like ‘we’ have found another way, and another victim, to keep ‘our’ game going a bit longer. There is no way this just happens, in some accidental kind of way. There is a reason the Fed raises both interest rates and the US dollar inside the same timeframe.
Hoosier's note: I totally agree with the author.
In fact, I have said as far back as February, 2014, that the next Financial Crisis will start from the Emerging Economies,
Yellen just added pressure on emerging markets