The Dollar and Emerging Market Debt

Dollar could continue grinding but at any point it can have a severe correction and that would be a sign probably that things are turning around now you're a fixed income expert Alex so I'm sure you must have an opinion on this question of the dollar and emerging market debt. Yes one would argue that there should be an emerging market crisis but we're not seeing it Brazil is doing quite well which is usually like a good bellwether Mexican currency stable interesting to Turkey for example. But look at Turkey Turkish currency has been depreciating and they've been cutting interest rates so they've been really diverging from the global policy.