Monday May 25, 2020

What does the emerging markets crisis mean for you?

Do you need to join the flight out of emerging markets, or look for opportunities in the carnage? Jon Ihle reports

2nd February, 2014
Traders in emerging markets have been taking a hammering in recent weeks. Picture: Bloomberg

Federal Reserve chairman Ben Bernanke departed the world stage last week, but not before making a final decisive intervention. The central banker, credited with rescuing markets worldwide with copious amounts of quantitative easing dating back to 2009, pulled the punch bowl a little further away from the party by reducing the Fed's bond purchases by $10 billion for the second time in two months.

The move to take more dollars out of the world economy was not...

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