Wall Street has recycled the fake global reflation meme for the last time. The dunces at large can be conned over and over again like they're an ATM machine. This time they went ALL IN. Conned by Forrest Chump and the League of Extraordinary money printers. The only reflation since 2008 has been morons chasing their own capital flows from one bubble to the next - the only reflation being the misallocation of capital. To believe the lamestream media, one would think that the entire world just got a tax cut. But instead they got higher interest rates at the end of the credit cycle...
“EM portfolio flows have had the best year since 2014”
"It was the first calendar year since 2012 without a single month of combined equity and debt outflows — in line with the ultra-low volatility seen throughout the year across global markets"
"Emerging market debt was the clear favourite, attracting more than $170 billion of the total foreign capital inflow"
"Aided by currency valuation effects, reserves rose by $30 billion to over $5.6 trillion in November, marking the 11th straight month of gains.
While reserves are at a more than two-year high, some countries’ may still be inadequate, the Washington-based IFF warned, naming Ukraine, Turkey, Hungary and Chile.
Calculations also suggest China’s official international reserves would be inadequate if capital controls, which currently prevent money large sums of money leaving the country, were to become “ineffective”.
"Rut roh"
