Rise of US Dollar Haunts Emerging Market Debt by Wolf Richter • Aug 14, 2018 • 56 Comments A vicious cycle, kicked off by cheap debt that’s suddenly not cheap, after 8 years of experimental monetary policies.
The Price of Cheap Dollar/Euro Debts: Local Currencies Come Unglued, Debt Crises Ensue by Wolf Richter • Aug 13, 2018 • 62 Comments Grand Collapse in Turkey; to avoid the same fate, Argentina hikes rate to 45%.
Chasing Yield during ZIRP & NIRP Evidently Starved Human Brains of Oxygen. Now the Price Is Due by Wolf Richter • Jun 18, 2018 • 41 Comments See Argentina’s 100-year dollar-bond and emerging-market dollar “turmoil” as the Hot Money flees.
Seems Impossible, but Argentina’s Peso Was Able to Collapse even Further Despite $50 Billion IMF Bailout by Wolf Richter • Jun 14, 2018 • 67 Comments Why is anyone still lending this government any money?
Argentina’s Crisis Gets Kicked Down the Road, but at What Cost? by Wolf Richter • May 16, 2018 • 22 Comments The peso drops again, inflation surges, nothing is fixed.
Who’s Most Afraid of a Latin American Debt Crisis (Apart from Latin America)? by Don Quijones • May 12, 2018 • 37 Comments It’s not just countries that are at risk of contagion.
As US Dollar & Interest Rates Rise, All Heck Breaks Loose in Emerging Market Currencies by Wolf Richter • May 10, 2018 • 67 Comments When the “hot money” gets antsy, a currency crisis morphs into a debt crisis.
WTF Just Happened to Argentina’s Peso? by Bianca Fernet • May 6, 2018 • 41 Comments Three interest rate hikes in one week, to 40%, imply the first two didn’t work, and the Central Bank is not in control.
Gambling on Argentine Politics: US Dollar vs. Short-Term Debt by Bianca Fernet • Aug 4, 2017 • 15 Comments The incredible credibility conundrum.
Argentina (!) Sells 100-Year Dollar-Denominated Junk Bonds by Wolf Richter • Jun 20, 2017 • 35 Comments What have central banks wrought?
