Empire, Power & People with Andrew Gavin Marshall- Episode 148

Are Emerging Markets Headed for a Major Crisis?

The G20 meeting of finance ministers and central banks chiefs from the major advanced and emerging market economies just took place over the weekend. As a type of 'steering committee' for the global economy (the G20 nations represent roughly 85% of global GDP), what does the world have in store? A major topic of discussion (and tension) was the Chinese currency devaluation. In addition to that, it looks like the U.S. - despite IMF and emerging market pressure - may be raising interest rates in the coming weeks or months. What would the effect be on the rest of the world, notably the emerging economies, if the U.S. were to begin raising rates at this time? The answer isn't a pretty one.

Listen to the full episode here:

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Comments

  1. Thanks Andrew, this was a very helpful explanation.

    It seems like the SDR could serve as the basis for a shift towards de facto world currency over time. Understandably China would want to position itself to ensure a seat at the grownups table, so to speak, in any major future rounds of economic musical chairs. It’s quite possible that this is a misinterpretation on my part, but this seems like it would fit roughly in line with the long game which appears to be playing itself out on the 3D chess board.

  2. A suggestion for Andrew:

    It would be helpful if you added the description for each podcast to the title/link instead of just listing the episode number. For example:
    Empire, Power & People with Andrew Gavin Marshall- Are Emerging Markets Headed for a Major Crisis?

    There are times when I’ve wanted to revisit a particular podcast and the numbers are pretty useless. Just a bit of constructive criticism. Otherwise, keep up the great work =]

    ~Benny

  3. Robert Beal says:

    Another suggestion, use a headline to describe your key topic. If it is going to be a running lecture providing general background, say so.

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