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.
Premium Content Notification
A subscription is necessary to access premium content.
Please use the button below to subscribe in order to access all premium articles