June 18, 2018

The viewpoints of the world’s macroeconomists are becoming anachronisms, not updated for a global economy and housing costs. For starters, there are some storm signals out there in monetary-land; notably Far East investors are fearful of capital flight. “U.S. rate hikes have sorted emerging markets into winners and losers as investors pull capital from particularly unstable countries, though steep dollar debts may soon drag even Southeast Asia—fairly healthy so far—into the losers’ circle,” reported the Nikkei Asian Review. “The gap between key South Korean and US interest rates will widen further if the US Federal Reserve raises its key rate… Read More