BlackRock Portfolio Manager Gerardo Rodriguez recently appeared on “Bloomberg ‹GO›” to discuss the risks that emerging markets pose to the US economy. Dollar denominated debt was discussed, but it was also pointed out that this is a problem that’s highly concentrated in some economies like China and to some extent in Brazil and Turkey. Most of this debt has also been associated with commodities – specifically the mining and energy sectors where debt has helped to fuel overcapacity. Rodriguez thinks its going to take time before these excesses are worked out of the system.
Similar Posts:
- Emerging Market Companies & Governments Binge on US Dollar Debt (WSJ)
- Which Emerging Markets Have the Most Leveraged Stocks? (Bloomberg)
- The Emerging Market Sand Trap: Financial Reports, Currency & Other Risks (Epoch Times)
- India and Indonesia are Better Positioned to Survive Rising Oil Prices (CNBC)
- Morgan Creek Capital’s Yusko: “Killer Ds” Will Hurt the Developed World (CNBC)
- S&W’s McGrath: Emerging Markets Are at the Perfect Entry Point (FE Trustnet)
- Emerging Market CDS Volume Up 46% in 2014 (EMTA)
- “Confidence Shaken:” US Firms In China Look Elsewhere As ‘Friendshoring’ Gathers Steam (Zero Hedge)
- Global Emerging Markets: Country Allocation Review, H1 2021 (Federated Hermes)
- Key Findings: Credit Suisse Emerging Markets Consumer Survey
- Are Emerging Markets Still a Good Investment? (The Telegraph / Bloomberg)
- The 15 Most Miserable Emerging Market Economies (Bloomberg)
- Mark Mobius Answers Readers’ Questions (Mobius Blog)
- Psigma’s Gregory: Avoid Economies With Current Account Deficits (FE Trustnet)
- Election Results in Some Fragile Five Emerging Markets Calm Investors (Reuters)