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Financial Market Futurism

By Benjamin J. Butler

 

 

 

The International Monetary Fund said on Tuesday that total foreign currency reserves in emerging and developing economies fell $114.5 billion year on year in 2014 to $7.74 trillion — the first annual decline since the IMF data series began in 1995. At their peak, emerging market reserves reached $8.06 trillion at the end of the second quarter last year.

 

-- Financial Times

 

The global financial system is literally booby-trapped with accidents waiting to happen owing to six consecutive years of massive money printing by nearly every central bank in the world.

 

-- David Stockman

 

We already got a taste of it during the taper tantrum” episode in May and June of 2013, when most emerging market economies suffered indiscriminate capital outflows…. I am afraid this may not be a one-off episode

 

-- Christine Lagarde, IMF

 

Prices [of Singapore property] are still up more than 50 percent since 2009.

 

But transactions are down sharply, with February deals falling 48 percent from ... Log in or subscribe to continue reading.


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