Comments on: Who’s to blame for the emerging-market crisis? http://blogs.reuters.com/felix-salmon/2014/02/01/whos-to-blame-for-the-emerging-market-crisis/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: site http://blogs.reuters.com/felix-salmon/2014/02/01/whos-to-blame-for-the-emerging-market-crisis/comment-page-1/#comment-53267 Sun, 28 Sep 2014 18:36:03 +0000 https://blogs.reuters.com/felix-salmon/?p=23065#comment-53267 But in fact, Liu Jiangen this is not lost, his mind is persistent and firm, he wanted to go to Hengda, want to play, play in AFC Champions League, more bluntly, he want to get more money

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By: fut 15 coins http://blogs.reuters.com/felix-salmon/2014/02/01/whos-to-blame-for-the-emerging-market-crisis/comment-page-1/#comment-52432 Thu, 25 Sep 2014 18:43:27 +0000 https://blogs.reuters.com/felix-salmon/?p=23065#comment-52432 Wedding ceremony in which primarily through with body mass, It’s a particular warning flag about related intensity(Recommendations safe you might be with the weight and height). “That standard could be 15 when, Waterbury utters. Folks who wants do that a great many, Come up.

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By: Mirry http://blogs.reuters.com/felix-salmon/2014/02/01/whos-to-blame-for-the-emerging-market-crisis/comment-page-1/#comment-49176 Thu, 06 Feb 2014 18:06:40 +0000 https://blogs.reuters.com/felix-salmon/?p=23065#comment-49176 Two morons duking it out without understanding the obvious trigger. A trigger that has been discussed a great deal in the financial media. It is the taper and reduction of cheap Fed liquidity that is pulling money out of these emerging markets. It was predicted this would happen and it is happening. That’s not to say the emerging markets wouldn’t be having problems anyway but we’re seeing concerted chaos in these emerging markets because of the Fed’s QE and zero interest rate policies. Policies that chumps like Krugman support.

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By: historystudent http://blogs.reuters.com/felix-salmon/2014/02/01/whos-to-blame-for-the-emerging-market-crisis/comment-page-1/#comment-49167 Tue, 04 Feb 2014 20:31:45 +0000 https://blogs.reuters.com/felix-salmon/?p=23065#comment-49167 I understood the basic thrust of Krugman’s argument as being that, if the developed economies had not pursued austerity with such determination, we might have growing economies that could tolerate positive real interest rates for government and corporate debt. Then, investable funds thrown off by those economies wouldn’t rush to developing countries because there would be decent investment opportunities in the developed world. And the developing economies wouldn’t be at such risk of sudden flight. Have I missed something?

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By: Manish123 http://blogs.reuters.com/felix-salmon/2014/02/01/whos-to-blame-for-the-emerging-market-crisis/comment-page-1/#comment-49155 Tue, 04 Feb 2014 01:09:07 +0000 https://blogs.reuters.com/felix-salmon/?p=23065#comment-49155 It’s like saying that home owners knew what they were buying and knew their finances (what they could afford in terms of mortgages), then why blame the banks for the subprime crisis. By that logic, aren’t homeowners the ones to blame for the housing crisis and why then save them (prevent foreclosures)?

Clearly, it’s not that straightforward. There needs to be more coordination in terms of global monetary policy especially today when global economy so interconnected. There are smaller economies that are very dependent on larger economies that can easily get washed by flood of money. Just like easy credit caused the financial crisis, easy money is partly to blame for what’s going on with emerging markets.

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By: Doly http://blogs.reuters.com/felix-salmon/2014/02/01/whos-to-blame-for-the-emerging-market-crisis/comment-page-1/#comment-49154 Mon, 03 Feb 2014 20:35:22 +0000 https://blogs.reuters.com/felix-salmon/?p=23065#comment-49154 So, let me see if I get it. You don’t have an awful lot of money. Somebody offers you lots for little work. Do you (a) accept, knowing that it comes from a fickle rich guy that tomorrow may stop paying you? Or (b) refuse?

I can’t say I’m all that surprised that emerging markets, in the whole, accepted.

On the other hand, the fickle rich guy assuming that if he suddenly stops paying his staff, it will have no consequences at all, might just be wrong…

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By: gonzaloalberto http://blogs.reuters.com/felix-salmon/2014/02/01/whos-to-blame-for-the-emerging-market-crisis/comment-page-1/#comment-49152 Mon, 03 Feb 2014 17:58:06 +0000 https://blogs.reuters.com/felix-salmon/?p=23065#comment-49152 both agree also that the fundamentals these emerging markets are not that bad. But Krugman uses also the secular stagnation theory, which takes a larger and complicated path to explain these short term fluctuations in the emerging markets. Rodrik is setting foot on much firmer grounds to explain the problems on these emerging markets.

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By: dedalus http://blogs.reuters.com/felix-salmon/2014/02/01/whos-to-blame-for-the-emerging-market-crisis/comment-page-1/#comment-49150 Mon, 03 Feb 2014 04:29:23 +0000 https://blogs.reuters.com/felix-salmon/?p=23065#comment-49150 Krugman: “The real problem is that the world’s wealthy economies . . . have failed to deal with their own underlying weaknesses. Most obviously, faced with a private sector that wants to save too much and invest too little, we have pursued austerity policies that deepen the forces of depression.”

Krugman doesn’t believe there should ever be cyclical downturns when governments can engage in deficit spending to counteract “demand shortfalls.” [But why attribute the problem to “demand shortfall” instead of, say, “supply excess”?]

Krugman’s advice is: Do everything possible to maintain asset prices. Put the monetary pedal to the metal to drive GDP growth, reduce unemployment, etc.

But Krugmans critics’ have always argued: We had an unsustainable bubble in PCE as a % of GDP that must deflate. Or does Krugman think the PCE could go thru its recent highs?

http://advisorperspectives.com/dshort/ch arts/index.html?indicators/PCE-percent-o f-GDP.gif

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By: jlesalvignol http://blogs.reuters.com/felix-salmon/2014/02/01/whos-to-blame-for-the-emerging-market-crisis/comment-page-1/#comment-49148 Sun, 02 Feb 2014 18:25:35 +0000 https://blogs.reuters.com/felix-salmon/?p=23065#comment-49148 It is of Turkey as France. PK has a fully coherent and relevant global vision. But when he supported the candidacy of Hollande he was not in the field to find that the campaign promises of that Mr. Normal were only nonsense. Hence his so violent reaction when Hollande recognizes the failure of his rhetoric.
Holland would have been elected without PK and I don’t blame him either. But we must accept that the knowledge of local parameters can’t be easily integrated into an overall vision.

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By: Auros http://blogs.reuters.com/felix-salmon/2014/02/01/whos-to-blame-for-the-emerging-market-crisis/comment-page-1/#comment-49147 Sun, 02 Feb 2014 17:53:43 +0000 https://blogs.reuters.com/felix-salmon/?p=23065#comment-49147 Well, Krugman followed up that op-ed with some blog posts that were more explicitly critical of bad policy in the affected economies.

http://krugman.blogs.nytimes.com/2014/02  /01/macroeconomic-populism-returns/

I don’t think there’s all that much daylight between him and Rodrik, or much of the rest of the left-econ-blogosphere.

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