Emerging Market Mayhem: Gross Warns Of “Debacle” As Currencies, Bonds Collapse

Friday, August 7, 2015
By Paul Martin

by Tyler Durden

Things are getting downright scary in emerging markets as a “triple unwind” in credit, Chinese leverage, and loose US monetary policy wreaks havoc across the space. Between a prolonged slump in commodity prices and a structural shift towards weaker global trade, the situation could worsen materially going forward.

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