More bloodbathery. Wherever we look today, things are not going well. While we have become used to day after day of Oil Producers' FX collapsing, today we see the tumble in Emerging Market FX rates begin to accelerate in a very Taper-Tantrum-esque manner. While the Ruble at 64 is grabbing headlines, Turkish Lira is utterly collapsing along with Indonesia and India overnight.
Here is 2013's taper tanrtum tumble inb EM FX...
and now Taper Tantrum 2.0 as FX collapses everywhere...
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BTFD though... nothing has changed fundamentally right? "cash on the sidelines" "US only place left to invest in the world..."
Charts: Bloomberg
