“Emerging market bloodbath” as crisis enters new phase | ROAR Magazine

“Emerging market bloodbath” as crisis enters new phase | ROAR Magazine

 “An emerging market bloodbath”. That’s how Reuters referred to panic
selling that rocked financial markets today. Are we witnessing the start
of a new phase in the global financial crisis? If so, all the
ingredients appear to be in place for major social unrest. This time
around, it won't be pretty.

  

Collapse of Argentine peso and Turkish lira, compounded by
Chinese slump and pressures on other markets, raises possibility of new
phase in the crisis.