Russell Napier Lays Out The Trigger For The Next Emerging Market Crisis

Friday, August 21, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
08/21/2015

“I have learnt from history that it is very hard working out what the trigger is. In 2008, it was the collapse of Lehman Brothers that triggered a credit crunch. Now it could be a major event in Turkey or a default of the Brazilian oil company Petrobras or some event in Malaysia. But if I have to pick one I would say it is Turkey introducing capital controls. Such controls will mean that Turkey will not pay back principals amounting to 400 Bio. $ and the interests on it.” – Russell Napier

The Rest…HERE

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