Adam and Ryan have been posting on the woes of emerging markets, here and here for example.
Turkey, too, is beginning to feel the effects of a slowing of dollar flow:
Istanbul’s skyline could well be a harbinger of an emerging-market bust brought on by unpaid loans, weakening currencies, and, eventually, the possible failure of developers and banks…
stocks and currencies in several developing Asian markets, including India, Indonesia and Thailand, have been hit hard as global investors continue to withdraw funds from emerging markets in anticipation of the Fed’s move to reduce its stimulus efforts in the United States.
C’mon Kuroda! We need more cheap currency, yen will do just fine, thanks.
