"Mounting debt loads, trade battles, rising interest rates and stalled growth have made emerging markets more vulnerable than on the eve of the 2008 financial crisis.
~ Harvard professor Carmen Reinhart
"The current episode somewhat resembles the Asian financial crisis of the late 1990s, when the M S C I Emerging Markets Index for developing-nation stocks slid as much as 59 percent."
Paul Krugman, Nobel Prize-winning economist
www.bloomberg.com/ne...lting-down-quicktake
~ Harvard professor Carmen Reinhart
"The current episode somewhat resembles the Asian financial crisis of the late 1990s, when the M S C I Emerging Markets Index for developing-nation stocks slid as much as 59 percent."
Paul Krugman, Nobel Prize-winning economist
www.bloomberg.com/ne...lting-down-quicktake