Lee and others who might want to express an opinion .
the story goes that the cheap credit in the dollar has led to the situation where the economies of Brazil, Mexico and even Argentina benefit from banks and speculators like George Soros&friends who borrow at the super low US interest rates to invest in bonds in high interest rate lands like Brazil or Turkey or Argentina.
These so called emerging markets have been doing pretty much ok in the past year or so on Greenspan's promise to keep US rates so low.
now if Greenspan were indeed to raise rates beyond what they call "neutral"(i think that it translates anywhere between 3% and 4%) wouldnt this segment be the first to get hit,kindda worth watching it as a "canary"?
so far it hasnt shown much fear even tho weve had 2 raises so i interpret it as them not thinking rates will get very high.
something else there are of course also major US banks involved ,which makes the situation even more worthwhile to watch,since i dont think they are likely to get "back stabed"...am i misunderstanding the situation?
cheers
Market Data 
Markets 
AI
