A weak housing starts report, a contained [producer-price index] report, and finally the minutes from the last Fed meeting caused the speculation. |
Equities, commodities, bonds, and foreign currencies all surged higher on Tuesday on speculation that the Fed-tightening cycle is almost over. |
It's hard to say where we'd be without it (Grow Utah), but we definitely wouldn't have grown at the rate that we did. |
Not only are emerging countries unlikely to default because they are in good condition, they are unlikely ever to default on existing bonds because they are buying them back quickly. |
The emerging market dollar denominated debt market is going away, and at the same time there are a lot of invested assets chasing the little yield that is left. More and more of the focus is on which bond will be bought back next. |