Emerging Market Debt Growth:
Debt growth in emerging markets from 2007-2014 has put them nearly on par with developed countries in dollar terms. In the 2000-2007 era, emerging market debt growth represented 22% of the $37 trillion in new debt. In the last seven years, emerging market debt growth represented 47% of the $49 trillion total growth in debt.
What We’re Reading:
The historical and cultural differences that divide Europe’s union: (Financial Times)
“The Fed Is Nervous, And Maybe That’s A Good Thing” (Forbes)
A Muddle of Mixed Messages From the Fed (The Wall Street Journal)
4 reasons to boost your foreign-stock exposure (MarketWatch)
U.S. Money Managers Are Sending Cash Overseas (MoneyBeat)
Three things Yellen could say to surprise investors (MarketWatch)
What Wall St. is Saying:
Quotable:
“We have to remember we’re in a global economy. The purpose of fiscal stimulus is not simply to sustain activity in our national economies, but to help the global economy as well, and that’s why it’s so critical that measures in those packages avoid anything that smacks of protectionism.” – Stephen Harper