Emerging Market Contagion Goes Global As Fund Outflows Spike Most In Over 4 Years

Despite promises from various foreign officials that just a little more intervention and just a few more billion in bailouts from Lagarde will ‘fix’ the “short-term speculator-driven” crisis in Emerging Markets (even as Brazil admits failure), things are escalating way beyond the idiosyncratic fears of Argentina and Turkey… As investors Emerging Markets’ anxiety…

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Emerging Market Contagion Goes Global As Fund Outflows Spike Most In Over 4 Years