Coming Crisis: Emerging Market Debt | Armstrong Economics

QUESTION: Mr. Armstrong; Just to clarify, a continued rate hike in dollars will send Emerging Market debt into chaos and possibly default. Is this both public and private? Thank you. You are a voice in the wilderness PK ANSWER: Oh yes. Both public and private emerging market debt raised money in dollars. A 2% increase in interest rates could spark a sharp rise in the proportion of emerging market corporate debt issues at risk of default. This is true especially in Brazil, Turkey, and India.
— Read on www.armstrongeconomics.com/international-news/emerging-markets/emerging-market-debt-coming-crisis/

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