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Gold Price Exploding In Emerging Markets

Gold Price Exploding In Emerging Markets Mainstream economists and mainstream media remain convinced that the economy and markets are in full recovery mode. Along the same lines, gold is unanimously expected to decline in the year(s) head. One of the most recent appearances of that kind was the 2014 outlook of IMF …

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Who Are The Biggest Losers From The Emerging Market Crisis?

Who Will The Emerging Markets Crisis Adjust Against? In last summer’s emerging market sell-off, India was very much at the center of the storm: the rupee collapsed, bond yields soared and equity markets tanked. The Reserve Bank of India responded by raising rates while the government introduced harsh restrictions on …

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Emerging Markets, Interest Rates and Tapering

Emerging Markets, Interest Rates and Tapering Thanks to the Fed’s tapering, a wider public is becoming aware of currency instability in diverse economies, from Turkey to Argentina, and India to Indonesia. Indeed, on Tuesday night Turkey raised overnight interest rates by a whopping 4.5% to 12% in an attempt to …

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The Emerging Market Volatility May Just Be The Beginning

Citi Fears The Emerging Market Volatility May Just Be The Beginning Via Citi FX Technicals, Up the escalator, down the elevator shaft The volatility in Local Markets which began in 2013 may just be beginning as much of the excess liquidity that went in search for yield may reverse course. During the …

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An Update On The Much “Hoped For” Housing Recovery

In July of last year, I asked the question of whether housing was really recovering or not?  There has been much hope placed on the “housing recovery story” over the last few years as it relates to the economy and I thought it was time to update the data to see how far we …

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European Banks have $3 Trillion of Exposure to Emerging Markets

European Banks have $3 Trillion of Exposure to Emerging Markets European banks have loaned in excess of $3 trillion (1.83 trillion pounds) to emerging markets, more than four times U.S. lenders and putting them at greater risk if financial market turmoil in countries such as Turkey, Brazil, India and South Africa intensifies. The risk …

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Citi Warns: “Housing Sentiment Got Carried Away”

Citi Warns: “Housing Sentiment Got Carried Away” The divergence between the NAHB index and other housing indicators has continued to suggest that sentiment was “getting ahead of itself” and as Citi’s Tom Fitzpatrick warns would suggest that the qualitative nature of the overall housing recovery is less robust than one would …

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The “Institutional Investor” Housing Bubble Just Burst

The “Institutional Investor” Housing Bubble Just Burst It is by now well understood that the US housing market over the past year has not benefited from broad consumer participation, exhibited best by the unprecedented, 13 year low collapse in mortgage applications. And since bond yields which recently “soared” to 3.00% only …

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