05.02.2014 - Everything you need to know about the emerging market currency collapse
Here we go again. First, money poured into emerging markets when it looked like they offered juicy returns. Then it poured out after they didn't. Currencies are collapsing. Stock markets are falling. And central banks are sacrificing the real economy to save the exchange rate. We've seen this movie before. It was called the East Asian financial crisis, back in 1997. But, for once, the sequel won't be worse than the original. Emerging markets don't have enough foreign-money debt this time around to make their falling currencies much of a concern. What is a concern is whether their central bankers realize this...............................................Full Article: Source
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