Our Terms of Use and Privacy Policy have changed. We think you'll like them better this way.

John Rubino--Dominoes Are Falling: Can You Hear Them? #2910

  • Broadcast in Business News
Dollar Collapse

Dollar Collapse

×  

Follow This Show

If you liked this show, you should follow Dollar Collapse.
h:947001
s:8173949
archived

 

John writes, "Sometimes one big event dominates the landscape, like last week when the Fed raised interest rates. Other times a bunch of less-universally-significant-things add up to a meaningful story. And the story that follows here is, of course (given the venue), ominous. 

First up is the much-discussed US$9 trillion that developing countries borrowed back when the dollar was weak and their currencies were relatively strong. Pundits have been warning that with the dollar soaring this debt was largely underwater and therefore a threat. But as far as anyone could tell it wasn’t blowing anything up. 

Then on Friday a big Mexican construction company ICA has defaulted." Listen on to hear more about those dominoes. 

 

 

Comments