The Wobbling Red Ponzi---More Bad News For The Dollar-Parched EM

"China‎ is the locomotive that keeps the EM train rolling along," said Frederic Neumann, co-head of Asian economics research at HSBC Holdings Plc in Hong Kong. "Slowing growth in China thus poses an especially acute challenge to emerging markets, after already grappling with higher dollar funding costs for their debt."

https://www.bloomberg.com/news/articles/2018-09-06/china-stands-between-emerging-market-turmoil-and-global-pain

 

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.