Market Talk – September 19, 2024
ASIA: The major Asian stock markets had a green day today: • NIKKEI 225 increased 775.16 points or 2.13% to 37,155.33 • Shanghai increased 18.74 points or 0.69% to 2,736.02 [...]
Coming Crisis: Emerging Market Debt
QUESTION: Mr. Armstrong; Just to clarify, a continued rate hike in dollars will send Emerging Market debt into chaos and possibly default. Is this both public and private?
Thank you.
You are a voice in the wilderness
PK
ANSWER: Oh yes. Both public and private emerging market debt raised money in dollars. A 2% increase in interest rates could spark a sharp rise in the proportion of emerging market corporate debt issues at risk of default. This is true especially in Brazil, Turkey, and India.
Latest Posts
Australia Prioritizing the Creation of a Wholesale CBDC
Speech by Brad Jones, Assistant Governor (Financial System), at the Intersekt Conference in Melbourne – ‘Financial Innovation and the Future of CBDC in Australia’: https://t.co/zuYTeslJhZ pic.twitter.com/3ndAbgjepq — Reserve Bank of [...]
Supplemental Poverty Measure on the Rise
The latest Supplemental Poverty Measure (SPM) found that at 12.9% of American households currently rely on government assistance, up from 12.4% one year prior. The figure was at 11.8% in [...]
Who Wants War – Raise Your Hand!
They say we live in a Democracy. That is the biggest lie and the first told to us by our Republican forms of government. Even the Pledge of Allegiance says, [...]
