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Despite Fed 'Fold', Emerging Market Currency Carnage Continues

Tyler Durden's picture




 

Having cited China and EM concerns, The Fed's chickening out from a rate-hike was 'supposed' to provide some support from the drastically derisking emerging markets of the world... it did not. In fact, MSCI Emerging Market FX index just crashed to its lowest since September 2009 with Brazil, South Africa, and Indonesia seeing the biggest plunges post-Fed.

 

New 6 year lows for EM FX... (lowest since 9/7/09)

 

But a look at the underlying names shows serious carnage...

 

And post-Fed, it's ugly in Brazil...

 

 

Charts: Bloomberg

 

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Wed, 09/23/2015 - 13:09 | 6584383 This is it
This is it's picture

Well? No Shemitah?

It's already 24th Sept where I am.

Wed, 09/23/2015 - 13:13 | 6584404 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

Millenial rant. Everyone talks bad about the boomers, and they have a lot of blame for being ignorant but Millenials have NO EXCUSE with the internet. They are too busy worshiping satan, spending thier pathetic little disposable income on trendy food fads, burning american flags, bowing down to the NWO and being broke retards to try to change anything. Millenials Worst generation ever. Signed - a gen x'er

Wed, 09/23/2015 - 13:22 | 6584456 Captain Debtcrash
Captain Debtcrash's picture

As we have been doing for years a Bloomberg story this morning advocates all the worst parts of the Austrian Economic’s bible as if it were nothing.

 

Bloomberg Talks Response to Next Crisis: Helicopter Money, Negative Rates, and Monetizing Debt

Wed, 09/23/2015 - 13:32 | 6584508 Depression is Coming
Depression is Coming's picture

Ah so millennials made the decisions that got us into this mess? Not 1 millennial in any branch of gov or any corporation making decisions for the past 100 years. Are you blaming them for not being aware of what gen x and the baby booming fucks caused? Maybe you should stop telling these idiots how special and great they are? Maybe you should be angry your idiot child took home 2nd place? Angry he understands mathematics at a 6th grade level.

You spend his future then strategically dumb down education year after year. They are fucking special all right. Baby boomers and gen x have created the most oblivious generation on purpose..that's the only reason half of you old fucks are still breathing after the theft you all participated in.

Wed, 09/23/2015 - 13:40 | 6584527 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

My Wife and I have no kids because we realized how messed up the future will be with Millenials in charge. I'm not old, I'm only 37. But your point is?

 

My point is that Millenials will be the generation that bows and ushers in the anti-christ. I'm not stupid enough to bring kids into that, but I am smart enough to know who to blame. 

Wed, 09/23/2015 - 14:04 | 6584673 Depression is Coming
Depression is Coming's picture

So you blame the generation born into this mess? Born at possibly the worst time in recent history? Millennial generation includes the dumbest people on this planet...but it also includes the smartest. Some of us used technology to gain knowledge/skills..some of us learn and process information faster than any human in previous generations. the majority (idiots) of each generation do not make decisions for their peers..and while the current system might implode in the millennials lap, they will also be the ones rebuilding societies and economies around the world. Cleaning up the mess left for them by previous generations.

Wed, 09/23/2015 - 14:12 | 6584704 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

Awesome, when they clean it up we will have trendy facial hair places and resturants on every corner. Can't wait. 

Wed, 09/23/2015 - 14:17 | 6584734 Depression is Coming
Depression is Coming's picture

Flawless logic, typical American gen-x. Good thing you didn't bring another idiot into this world.

Wed, 09/23/2015 - 14:46 | 6584825 Jack Napier
Jack Napier's picture

It isn't the millennials' fault that the world they've grown up in is completely desensitized. All of us own a share in that responsibility for allowing TV to rot everyones' minds and destroy society's moral compass with violence and in your face gays. The millennials are the culmination of many decades of godlessness in a nation that only thrived once upon a time because of its Christian morals, notably that rights are not endowed by the state but are God-given and unalienable. It doesn't matter how much information someone has at their fingertips, because when a heart and mind has been corrupted from an early age the person will inevitably grow into a self-centered instant gratification seeking lemming until someone shows them a better way. There were libraries before the Internet, and educated people knew how to use them. The Internet isn't going to lead a horse to water on its own. With the sheer amount of information overload, it can require a fine-toothed comb to get at that which is relevant, and most definitely requires a desire to do so which is not commonplace when apathy runs rampant. Intelligence and morals are not mutually exclusive.

Wed, 09/23/2015 - 14:47 | 6584864 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

All I'm saying is I'm 37 and was taught by the same teachers and I came to know the truth. I'm not even that smart like 110-120 IQ. Surely these smart mustache wearing foodies can break the chains. And there is still time for me to have kids, my hot wife is only 32.

Wed, 09/23/2015 - 15:47 | 6585166 DrunkMath
DrunkMath's picture

So you're basing your argument around millenials being foodies / having facial hair. Please check in with the 1970s to see how the baby boomers were living in their 20s and 30s.  Is it really too complicated to figure out that maybe an enhanced interest in food stems from the fact that most of the new jobs are in the service industry where baby boomers have decided to spend their retirement. Overweight uneducated slobs who destroyed the economy, and can now only pump it back up by pumping themselves full of cholesterol and sugar, and then paying doctors to try to fix what they've done to themselves. Is it that hard to grasp that perhaps the increase in facial hair, is an outward expressio of frustration, and a will to differentiate oneself from their clean shaven suit wearing blowhards of yesterday?

Wed, 09/23/2015 - 15:38 | 6585128 Huh Reeeally
Huh Reeeally's picture

Yes, unfortunately you are correct, as history clearly shows the pendulum does indeed cut a wide swathe as it swings from feast to famine (in a figurative sense). Many generations in the past have answered for the sins of their progenitors, whether fighting the wars or cleaning up after them and going way back before WWII, the great drpression, WWI, 100 year war - think about that for a sec, 100 years?

We're all the product of our generation, no more or less. Oh, since you process info so fast, can you do multiplication and division of large numbers several digits each in your head, repair your vehicle or grow your own food and feed your family? the generation born before WWII could do those things. I know many millenials who don't even know who their provincial Premier (similar to Governor) is. Process that!

Anyway, what I'm saying is that it's all relative. It sux to be anyone these days, sorry about your luck :-)

Wed, 09/23/2015 - 15:56 | 6585189 Hans-Zandvliet
Hans-Zandvliet's picture

@ Hitlery_4_Dictator (à propos, I do like your username)

So you decided to disobey your god, while all the rest uf human kind (including the jews, muslims, hindus, budhists, etc.) has done its very best to obey your god (after all, we're over 7 billion now and we're about to subdue the last corners of our planet's ecosystems)?

Your god told you to “[...] be fruitful and multiply and fill the earth and subdue it [...]" (Genesis 1:28)

Aren't you concerned that your disobedience will lead you into the arms of satan and the anti-crist?

By the way, just in case I meet him (it's not a her, of course), I'd like to be able to recognize him (just to be forewarned). So could you post a picture of him, please?

Wed, 09/23/2015 - 15:28 | 6585063 Hans-Zandvliet
Hans-Zandvliet's picture

@ Hitlery4Dictator

Bugger off with your satan and anti-crist.

They're just infantile imaginations, like god with a beard, (because gosh, is he old, he certainly must have one!) sitting on a cloud, looking down at us making a mess of our world (excuse me, his creation).

Oh, and by the way, god must have a beard, not only because he's mighty old, butalso because doubtlesly he must be a man. Imagine the rediculous idea that he'd be a woman...

God did not create man in his own image. Man created god in his own image. That's why it's such a brutal and violent male guy.

Wed, 09/23/2015 - 13:14 | 6584412 JoeySandwiches
JoeySandwiches's picture

Waiting on a specific date is stupid. In 1987, one of the supposed cycles, the stock market crashed a month after Shemitah officially ended.

Nobody knows shit, to be honest and I don't trust the people predicting specific dates.

Wed, 09/23/2015 - 13:15 | 6584423 setatakahashi
setatakahashi's picture

Tishrei is not over yet

Wed, 09/23/2015 - 13:10 | 6584387 KnuckleDragger-X
KnuckleDragger-X's picture

It's all shiny until the grim reaper show's up.....

Wed, 09/23/2015 - 13:12 | 6584398 The Bell Rang
The Bell Rang's picture

After the Blood Moon Dude....in October !!

Wed, 09/23/2015 - 13:14 | 6584411 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

The blood moon is sept 28th.

Wed, 09/23/2015 - 13:40 | 6584549 Viffer
Viffer's picture

... thats why he said after the blood moon ... in October ....

Wed, 09/23/2015 - 13:16 | 6584413 cougar_w
cougar_w's picture

The Fed could not save the EM, only kill them quickly.

Now the EM will die slowly.

It was going to be death either way.

Wed, 09/23/2015 - 13:16 | 6584430 NoDebt
NoDebt's picture

---><---  That close to another "Since LehmanTM" statistic.

Wed, 09/23/2015 - 13:20 | 6584451 cougar_w
cougar_w's picture

Yeah and that shit has to stop.

Wed, 09/23/2015 - 13:21 | 6584455 Dead Canary
Dead Canary's picture

The Fed. Building yesterdays future - TODAY!

Wed, 09/23/2015 - 13:42 | 6584554 Viffer
Viffer's picture

... with the derivitives of TOMORROW

Wed, 09/23/2015 - 13:28 | 6584488 Glass Seagull
Glass Seagull's picture

 

 

There was no "fact" to sell the USD (buy EM currencies) last week.

Wed, 09/23/2015 - 13:46 | 6584572 EurGold
Wed, 09/23/2015 - 13:52 | 6584610 FlacoGee
FlacoGee's picture

GREAT time for Chicas and Cocaine in Medellin...

CO Peso is on sale and thus 50% discount on Colombia's national treasures.

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