Tuesday, February 11, 2014

Emerging Markets: Crisis Not Over Yet

There are a lot of emerging markets, some better than others. But there are serious, serious problems out there and they are going to get worse. Turkey, Indonesia, India, this is not over yet. Brazil...

There are plenty of them that have serious problems and they are not being resolved. The major problem is the Federal Reserve in America that has interest rates at such a tiny low level that people can borrow lots of money and America is printing a lot of money so there`s plenty of money to be borrowed. A lot of countries have borrowed the money at cheap rates to cover up their problems, they haven`t addressed the problems and so now, they have huge problems and it`s going to get worse. This is not over yet.