Emerging Markets, Turkey, Argentina, China All In CRISIS MODE as Currencies Fall! Markets Panic!

Emerging markets are looking weak. When we look at what has happened in Turkey, if we zoom out, we can see the bigger picture as to what has happened even outside of the country. It has become much more as the days have gone on, with contagion spreading far and wide. How will this be resolved?

Turkish lira crash ripples through global currency markets | Business | The Guardian
https://www.theguardian.com/business/2018/aug/13/turkish-lira-record-low-ripples-through-global-currency-markets
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UPDATE 1-Argentina to increase benchmark interest rate to 45 pct -cenbank | Reuters
https://www.reuters.com/article/argentina-rates/update-1-argentina-to-increase-benchmark-interest-rate-to-45-pct-cenbank-idUSL1N1V40S0
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US trade war could trigger further yuan depreciation against dollar and greater capital outflows, economist warns | South China Morning Post
https://www.scmp.com/news/china/economy/article/2159297/china-warned-currency-could-take-hit-amid-ongoing-us-trade-war
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Priced out and living above a rubbish dump: where do Hong Kong’s rough sleepers go? | South China Morning Post
https://www.scmp.com/news/hong-kong/community/article/2159361/priced-out-and-living-above-rubbish-dump-where-do-hong
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