Financial contagion is rearing its head again. Emerging market contagion is now eclipsing euro peripheral debts (which continues to be an ongoing problem). Emerging market financial contagion look like the most wobbly domino on the bubbly financial landscape As the Fed, (the world’s central bank by default) hikes rates and strengthens (weaponizes) the dollar it is emerging markets dotted along the New Silk-road that are in the...
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