IMF Warns About Emerging Markets: Hello "Always Late" IMF, Global Crisis Coming

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Published : October 11th, 2018
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Category : Opinions and Analysis

The IMF is finally warning that there may be an emerging market crisis. Hello IMF, it's already here. Look ahead.

A new study by the International Monetary Fund projects emerging economies will muddle through recent market turbulence without a severe shock to their financial systems, but flags an outside chance of a crisis.

In a “severely adverse” scenario, the IMF says capital could flood out of countries at a pace not seen since the 2008 global financial crisis.

Outside Chance of a Crisis? What the Hell?

Argentina and Turkey are both in a full-blown crisis. So is Pakistan which last week went to the IMF for help.

Here's a hint: It's a certifiable crisis to go to the IMF for a bailout.

And what about Venezuela deep in hyperinflation.

Wake-Up Call

This should serve as a wake-up call,” Ms. Lagarde said of the mounting debts and risks of capital outflows.

Wake-up call to do what? Please tell us Ms Lagarde.

The emerging market crisis is already underway.

When the global junk bond and equity bubbles pop, we will not just be talking about emerging markets that are in trouble.

Hello IMF, please wake up.

Source : moneymaven.io
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Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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