Things are getting downright scary in emerging markets as a "triple unwind" in credit, Chinese leverage, and loose US monetary policy wreaks havoc across the space. Between a prolonged slump in commodity prices and a structural shift towards weaker global trade, the situation could worsen materially going forward.
http://www.zerohedge.com/news/2015-08-06/emerging-market-mayhem-gross-warns-debacle-currencies-bonds-collapse
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