
Fundamentally Triggered, EM Rally Fueled By Repositioning: EM Lens
FICC Focus
00:00
Is It Possible to See the US Dollar Flowing Up the Wealth Pyramid?
In the US, it's really a case of the haves versus the have-nots, right? With weakness sort of putting up the wealth pyramid. Now, let's extend this to the broader global market, right? And talk about some of these frontier markets,. The EU public debt is searched to 66% of GDP, my friend. I mean, we're talking rising rates, weaker currencies, below trend growth. My question is, is it possible to see some of the things we're witnessing out along the frontier moving up the wealthramid to more developed economies? Or is that a far-bong conclusion? That's my first point of the question. Second is, we
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