The similarities with EMs is uncanny.
Blaming institutions
Silent opposition
Attacking media that disagree
All from starting point of high spending/large current account deficits
Best cure we see in EM is growth goes to zero typically alongside hike cycle to curb inflation…
Blaming institutions
Silent opposition
Attacking media that disagree
All from starting point of high spending/large current account deficits
Best cure we see in EM is growth goes to zero typically alongside hike cycle to curb inflation…
April 29, 2025 at 5:33 AM
The similarities with EMs is uncanny.
Blaming institutions
Silent opposition
Attacking media that disagree
All from starting point of high spending/large current account deficits
Best cure we see in EM is growth goes to zero typically alongside hike cycle to curb inflation…
Blaming institutions
Silent opposition
Attacking media that disagree
All from starting point of high spending/large current account deficits
Best cure we see in EM is growth goes to zero typically alongside hike cycle to curb inflation…
Interesting- agree on risk broadly but spreads have been extremely well behaved so can’t see risk reward yet
March 11, 2025 at 5:24 PM
Interesting- agree on risk broadly but spreads have been extremely well behaved so can’t see risk reward yet