Global Stock Rout Is Spreading As Investors Are Dumping Almost Everything
Investmentwatchblog.com
June 11th, 2013
If you’re just waking up, then you’ll see that emerging markets are getting routed again.
Whether its Thai stocks, Brazilian bonds, or the South African Rand (its currency) investors are dumping it all.
This is a complex topic, and there are some idiosyncrasies that make each country different from another (of course), but there are 3 big themes.
The first one is the rise in US interest rates.
For the first time in awhile, real US 10-year interest rates (which is nominal interest rates adjusted for inflation) have turned positive.
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