Locked
Bad news for emerging markets as US raises interest rates again
That sucking sound you hear is the sound of capital being vacuumed up into the USA as the era of ultra-low interest rates draws to a close.
By Felicity Duncan
That sucking sound you hear is the sound of capital being vacuumed up into the USA. For about ten years after the financial crisis, ultra-low interest rates in the US, Europe, and Japan created a glut of liquidity. Money went sloshing around the world and found its way into all kinds of places – including emerging market debt and equities.
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