QE4 and the Coming Rise of EM Currencies
"Risk comes from not knowing what you're doing." -- Warren Buffett
No, that's not a typo in the headline. As followers of my writings and media appearances know, I have been arguing over the last couple of months that the Federal Reserve's third round of quantitative easing had already taken place through the global fear trade. This, in the absence of a Lehman Brothers-like event, has sent bond yields to historic all-time lows. Globalization doesn't just cause asset markets to correlate closer to one, but central bank action as well....341 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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