"The sharp falls in the value of Turkey's lira and Argentina's peso have led to fears that currencies from South Africa to Russia will follow suit.
"In Asia, India's rupee and Indonesia's rupiah have already been hit. So should Asian economies be concerned?
"Put simply, contagion is a self-fulfilling process, whereby economic problems in one country prompt investors to sell assets in economies with similar risks.
"In a globalised world, a crisis in one country can also quickly spread to others through trade links or lending by banks."
Thank big big media male organs like the NYT for this longterm queering of your faux domestic economies and your currencies.
Not to worry, interest rates at 25%, hyperinflation, etc.......
These big Western white male media organs have also, at the same time, been queering themselves too!
Thank big big media male organs like the NYT for this longterm queering of your faux domestic economies and your currencies.
Not to worry, interest rates at 25%, hyperinflation, etc.......
These big Western white male media organs have also, at the same time, been queering themselves too!
No comments:
Post a Comment