Macro Dream Team: Lyn Alden, Danielle DiMartino Booth, Stephany Pomboy and Ivy Zelman
Wealthion - Be Financially Resilient
00:00
Emerging Markets Are Prone to Currency Devaluation
emerging markets have lower debt to g d p. But the problem is that more of the debt is denominating currencies they can control, mainly the dollar in the urea ah. Developed markets build up so much debt that it's challenging for them to raise rates. And so the ones that are unable to raise rates due to the debt, despite inflation, or at least unable to raise them, say positive real levels,. They're prone to currency devaluation, in my view.
Play episode from 22:34
Transcript
