The Emerging Markets' Failure to Control Inflation

In 1986, for 10 years, the US dollars flooded the markets in Asia. Remember the Asian tigers? That's the years when they really took off with all this new capital from the US. And then in 1997, the capital inflow into Asia stopped all of a sudden. Here we go again, a financial crisis. Then remember George Soros, how he broke the bank of Thailand, that was added on top of that. So 1997 and boom, huge crisis. All the investors, let's get out. And that's when the Fed will hike his interest rate again. This is like one time this one cycle and the next cycle, the next cycle was, you remember the Asian financial