Over My Shoulder

Boston Fed: The Emerging Market Economies in Times of Taper-Talk and Actual Tapering

By John Mauldin

December 12, 2014

The Federal Reserve continues to dismiss the emerging-market contagion risk of a rising US dollar.

Either they are oblivious to the risk of policy divergence (Harvey Rosenblum said the FOMC does not actively monitor the size of the carry trade in its policy decisions) or they are intentionally downplaying those risks as Yellen, Fischer, et al. knowingly push on for a ZIRP exit.

Here's the latest paper from the Boston Fed.

Download - cpp1406.pdf

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