Emerging Markets Risks Are Larger Than Expected

In this video we highlight the risk of rising imbalances in emerging markets.

  • Aggressively added leverage in USD believing the US currency would be weak.
  • Massively increased trade and fiscal deficits because rates were low and cheap money was abundant.
  • Got used to large inflows of cheap US dollars into growth countries, financing larger imbalances and current government spending.


 

About Daniel Lacalle

Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Author of bestsellers "Life In The Financial Markets" and "The Energy World Is Flat" as well as "Escape From the Central Bank Trap". Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Frequent collaborator with CNBC, Hedgeye, Wall Street Journal, El Español, A3 Media and 13TV. Holds the CIIA (Certified International Investment Analyst) and masters in Economic Investigation and IESE. Holds the CIIA (Certified International Investment Analyst) and masters in Economic Investigation and IESE.

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