Welcome to the first edition of MM's “EM Corner.” TMM certainly swam in EM waters from time to time, and we approach markets from the same perspective: global trends have a trickle down effect that impacts assets throughout the world. While I focus on EM assets, it is paramount that I have a firm grasp on global macro. If you're looking for the latest technical analysis on EEM, sorry, you'll have to go somewhere else.
One of the great metaphors of financial markets was coined by the Venezuelan economist Ricardo Hausmann: the “original sin” of emerging markets.
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