VanEck Emerging Market Local Currency Bond (EMLC) hit a new 52-week low today. Below are five currencies that combine for nearly 35 percent of the portfolio. Two have broken down (lira, peso). The other three (real, rand and rupiah) are all on the verge of breaking down.
Amusing Ourselves To Death
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Give them bread and circuses and they will never revolt – Juvenal, Roman
poet The decline of Rome was the natural and inevitable effect of
immoderate great...
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