Monday , May 20 2019
Home / David Stockman's Contra Corner / Where The Hunt For Yield Led—-Emerging Market Carnage, Again!

Where The Hunt For Yield Led—-Emerging Market Carnage, Again!

Summary:
Let’s be clear: It’s not just Argentina. But Argentina is the most elegant example. The exodus of the hot money from emerging markets where cheap dollar-debts were used to fund pet projects and jack up leverage is – once again – in full swing. Cheap dollar-debt in emerging markets is an old sin that, like all old sins, is repeated endlessly. The outcome is always trouble. But during the act, it sure is a lot of fun for everyone..... https://wolfstreet.com/2018/06/18/chasing-yield-during-zirp-nirp-evidently-starved-human-brains-of-oxygen/

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes Uber’s Huge Loss, Lyft’s Abysmal Month, Pinterest’s Earnings Disaster: Why the white-hot IPO market is full of duds

David Stockman writes This Is Getting Serious: Emperor Xi Warns Trade War Could Become Clash Of Civilizations

David Stockman writes Jim Rogers Says Stay Alert: Mama Bear Is On The Way!

David Stockman writes Dems Running Out Of Stunts As RussiaGate Hoax Collapses

Let’s be clear: It’s not just Argentina. But Argentina is the most elegant example. The exodus of the hot money from emerging markets where cheap dollar-debts were used to fund pet projects and jack up leverage is – once again – in full swing. Cheap dollar-debt in emerging markets is an old sin that, like all old sins, is repeated endlessly. The outcome is always trouble. But during the act, it sure is a lot of fun for everyone.....

https://wolfstreet.com/2018/06/18/chasing-yield-during-zirp-nirp-evidently-starved-human-brains-of-oxygen/

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Leave a Reply

Your email address will not be published. Required fields are marked *