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Lending To Emerging Markets In Crisis
The New York Fed is out with a paper on Emerging Market capital flows. In a nutshell: not much. Probably an opportune time to come out with this piece, as even blind orangutangs can see that the European currency crisis is days if not hours away, and someone, somewhere at the Federal Reserve will be taken to task if they did not have at least a theoretical contingency. Of course, the practical reality with EMs, once the commodity euphoria crashes, will be so ugly that a $1 quadrillion IMF bond raise won't help anyone.
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Isn't a collapse in EM lending a Palinesque dream come true?
"Wall Street already outsourced all of our jobs to these f*(#&ing countries.....then they come here illegally, have as many kids as they can, send their kids to our schools on MY tax dollar; I pay for all their health care, teach them English, and then they take the all the jobs we have left and send the money they make back to their relatives. And we're supposed to add to the deficit by giving more money to their govermnent? It's about damn time someone turned-off the free money to these leeches."
"Now move out of my way -- Dale Jr. is in the lead and I can't see the television."
Tyler do you have any previous writeups about this European currency crisis? I havent gotten the feeling that you thought they are that close to falling off a cliff. Course Ive only been here a couple months and might have missed some earlier posts.
Truth be known VegasBD Tyler headlines often say
"...CRISIS!" or "...COLLAPSE!!". Best to just ignore
the hyperbole newbie ;)
Can't click on the graphs for larger view. Not sure if it's just this post or the new website. Using Firefox.
If the truth were being reported we'd be having riots in the streets. And meanwhile the top execs in banks and brokeragesa that caused such a mess are STILL employed and making millions while laying off THOUSANDS of people that actually do work. If you know anyone in banking that's still employed, odds are they are doing the work of three people so the top execs can show 'savings' and contineu collecting mega-incomes.
...www.bit.ly/12NCJR reommedned
whay cant we get one of those big selloff days? maybe -500 points on the DJIA? And no rebound either.
I have to imagine we are going to have some sort of
forex crisis.
Whether it is the Dollar, Pound, Euro, Zloty, etc....
I just can't see the fear and volatility not
culminating in some sort of massive catastrophe.
Perhaps this is the egg that will hatch the black swan.
Forex experts, please weigh in.
P. Profit
I have to second anonymous on note #3739, I also can't enlarge the charts. I have to go back to blogspot to see them. I am using IE 7.
Pages 12 to 15 in the Scribd document.
O.K., so what is T.D. saying? Will the Euro itself face a crisis or just the local currencies? (i.e. Latvia, Sweden)