Posted at 10:13 AM , on August 25, 2015
The 2% devaluation of the Yuan was the beginning of something that could become a contagion shortly. In fact, it has already started! Immediately after the Chinese devalued the Yuan, the Vietnamese Dong and the Kazakh Tenge sharply lost value. Many other currencies like the Korean Won, Brazilian Real and Turkish Lira have also been losing value. But why this free fall?
Posted at 8:56 PM , on April 6, 2015
For the past 50 years since Sir John Templeton discovered emerging markets, they have been a must-have in every global portfolio. They have given above-average returns, diversified asset classes and opened up new frontiers. All that may be changing as emerging markets lose a lot of their old world qualities. In an incisive article in Bloomberg, Mohammed El Erian, the man who built bond trading at PIMCO, raises some interesting questions. Continue reading