Rajan is worth listening to. My advice is watch oil. The last EM crisis made its way to the US via a crashing oil price which triggered a meltdown in US junk debt that dragged down the equity market.
Rajan is worth listening to. My advice is watch oil. The last EM crisis made its way to the US via a crashing oil price which triggered a meltdown in US junk debt that dragged down the equity market.
The full text of this article is available to MacroBusiness subscribers