A neat little post today from Domainfax describes nicely why I expect Donald Trump to lay waste to emerging markets in the medium term:
For Asian markets, 2017 could be the year of the dollar crunch.
Foreign portfolio flows have taken a sharp downturn since Donald Trump’s election victory, with $US15 billion fleeing Asian bonds and stocks this month alone — close to 30 per cent of year-to-date inflows to the region, according to Deutsche Bank — as a strengthening greenback and a bevy of protectionist policies from the president-elect darken the growth prospects for emerging markets.
