Hoosier's note: It smells like 1997 Asian Financial Crisis all over again.
Interest rates are going higher!
When the Fed tapers, USD Carry Trades will unwind and funds will flow back to the US of A from Emerging Markets. There will be a shortage of USD and interest rates will be bidded up as borrowers struggle to find USD...think Thai businessmen borrowing in USD and covert it into Thai Baht (1997 Asian Financial Crisis started in Thailand).
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