Harvard's Reinhart Says Emerging Markets Worse Than '08 Crisis

Ted

FYI: While money managers from Goldman Sachs Group Inc. to UBS Wealth Management still tout investing opportunities in emerging markets, the asset class has one notable critic: Harvard professor Carmen Reinhart.

The Cuban-born economist points to mounting debt loads, weakening terms of trade, rising global interest rates and stalling growth as reasons for concern. In fact, developing nations are worse off than during their two most recent moments of weakness: The 2008 global financial crisis and 2013 taper tantrum, when equities endured routs of 64 percent and 17 percent respectively.
Regards,
Ted
https://www.fa-mag.com/news/harvard-s-reinhart-says-emerging-markets-worse-than--08-crisis-38723.html?print

LewisBraham

Seems like click bait really because the emerging markets mentioned in this article are mostly Latin American and/or frontier ones in Africa. Meanwhile, the emerging markets index Vanguard's fund tracks is 71% invested in Asia:

portfolios.morningstar.com/fund/summary?t=VEIEX&region=usa&culture=en_US

VintageFreak

My ANALysis. If Dollar stays down Emerging markets do well. If it goes up - just like it did recently - they will fall.

http://schrts.co/TJyiDS

http://schrts.co/sKKyrM

http://schrts.co/8tZFEq

http://schrts.co/Wafq21