Similar to what is happening right now across the entire developing world...
The Telegraph: Jan 1, 2015
The Year of Dollar Danger For the World
"The BRICs and Mini-BRICs must do penance for $5.7 trillion in dollar debt"
Rule #1 of carry trades, the funding currency must not strengthen. The Fed didn't get the memo.
CEW: Emerging Market Currency ETF
CEW Holdings:
EM Bonds (local currency)(red) with EM Currencies (black):
Country-by-country holdings overlap but are not identical. Unlike these charts, which are identical...
Mini-BRIC Stocks with EM Currencies
ZH: Aug. 21, 2015
"BofA: What will it take for the Fed to panic and bail out the market?"
A brain. And a time machine.
There is a Black Swan nesting up the ass of the Idiocracy. And as long as Wall Street and everyone else thinks that another bailout is an option at this late stage, the pain will continue.
Hard to believe, but the solution to a problem caused by gambling with printed money, is not more printed money.
