Pakistan Devalues Currency and IMF Will Bailout! Turkey and Emerging Markets Continue To Fall!

in #money8 years ago


Pakistan will receive its 13th IMF bailout as they devalue the currency in order to prepare for the demands of the IMF. Turkey is trying to raise more funds after their currency’s value dropped significantly in 2018 and they are concerned about money fleeing the country. Emerging markets are certainly unable to cope with the damages being faced this year. Will this spread to the U.S?

Global Growth Plateaus as Economic Risks Materialize | IMF Blog
https://blogs.imf.org/2018/10/08/global-growth-plateaus-as-economic-risks-materialize/
IMF: Cash-strapped Pakistan to approach IMF for bailout package
https://economictimes.indiatimes.com/news/international/world-news/cash-strapped-pakistan-to-approach-imf-for-bailout-package/articleshow/66125430.cms
Fixed Income - Bloomberg
https://www.bloomberg.com/markets/fixed-income
Pakistan Devalues Rupee as It Prepares to Seek 13th IMF Bailout - Bloomberg
https://www.bloomberg.com/news/articles/2018-10-08/pakistan-to-seek-imf-bailout-to-stabilize-deteriorating-finances
1365x-1.png (1365×767)

Foreigners snap up Istanbul's iconic waterfront mansions | AFP.com
https://www.afp.com/en/news/23/foreigners-snap-istanbuls-iconic-waterfront-mansions-doc-19n6su3
weo-table-102018.jpg (550×825)

WEO-October-Chart.jpg (550×628)

Greece 'to Claim €280 Billion' in War Reparations from Germany | GreekReporter.com
https://greece.greekreporter.com/2018/10/07/greece-to-claim-e280-billion-in-war-reparations-from-germany/
Home Depot co-founder Ken Langone on millennials and socialism
https://finance.yahoo.com/news/langone-millennials-embracing-socialism-ill-put-plane-fly-venezuela-112048374.html


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I am really curious about Indonesia... As professor Steve Keen describes it as one of the healthiest economies in the world, then why 7 rate hikes in one year? Strange

There sure seems to be a lot of this going around❓🤔

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