By John Richardson THE “Fragile Five” might, as we discussed on Monday, have become “The Exposed Eight” developing countries threatened by a disorderly Fed tapering. But what if, in all the focus on the Fed cutting back on quantitative easing, we have overlooked a far bigger withdrawal of central bank largesse – that which is […]
Asian Chemical Connections
“Fragile Five” Now “The Exposed Eight”
By John Richardson IT used to be just the “Fragile Five” – Brazil, India, Indonesia, South Africa and Turkey. But last week, the Financial Times, drawing on data and analysis from Schroders, added three more countries to the list of those most-exposed to Fed tapering: Hungary, Poland and Chile. Thus we needed a new handy […]
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