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2 months ago

Donald and Melanija Trump The other day Melanija Trump and her husband Donald visited a lunch in honor of Thanksgiving Day in Maher - Lago. The first lady of the USA looked incredibly in a black lacy...

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Two VS ships of Russia are found on November 24 in sea border of Latvia. Such statement was made by the National Armed Forces (NAF) of the country on the Twitter. LV ekskl. ekonom. zona 11 j.j. no ter...

Date: 4 months ago   Category: Politics

Collapse in emerging markets – a factor of the vacuum cleaner of U.S. Fed


Collapse in emerging markets – a factor of the vacuum cleaner of U.S. Fed
The situation in the developing financial markets and exchange rate of ruble became the main subject in recent days. At the beginning of September many editions were bypassed by sensational information of the agency Bloomberg: sales of securities and falling of their prices in the markets of developing countries (that is on the periphery of world capitalism) became the most considerable in the history and have even surpassed indicators of 2008. As of the beginning of September the collapse in the stock markets proceeded 222 days, in the markets of currencies – 155 days, in the markets of currency bonds – 240 days. And to the bottom the market hasn't reached yet. It isn't remembered even by "bears" – those players in the markets which put on drop in prices on currency and financial instruments. For them it is the real holiday, but the holiday paid at the expense of the speculators called "bulls" – those who put on increase. And also at the expense of those who are positioned as the long-term investor. Bloomberg has counted since 2008 eight collapses in the financial markets, but even that which has happened in 2013 waiting for folding by the Federal reserve of the USA of the program of the quantitative easing (QE), wasn't such long. And for developing countries and 2013 became fatal. Before they stayed in a condition of euphoria because of quantitative easing in the countries of the West. Then expectation of curtailment of the KS program in the USA has turned back her valid termination in October, 2014. Despite separate "splashes", in emerging markets the bearish tendency was designated. In 2018 this tendency has assumed the menacing scale. Inflow of portfolio investments on emerging markets, according to Institute of the international finance, in July still making 13,7 bln. dollars, in August has fallen up to 2,2 bln. dollars. And the balance of capital flow for developing countries became negative long ago: there is net capital outflow in all his forms (direct, portfolio and other investments). According to Bloomberg, by the end of summer of currency of developing countries have fallen to a minimum of May, 2017. But it on average. The Indonesian rupee, for example, has updated a 20-year bottom. The Turkish lira, Argentine peso, Indian rupee, Brazilian real fell and continue to fall. The monetary authorities of these countries try to constrain decline of the currencies by increase in key interest rates, sales of gold reserves, trying to neutralize falling by means of the new credits and loans. Argentina, for example, managed to agree with the IMF about receiving a stabilization loan on 50 bln. dollars (unprecedentedly large sum).
Occurred also decrease in an exchange rate of ruble though against the background of other currencies of developing countries it didn't look so dramatically. But here at opening of the auction on September 10 at the Moscow Exchange the record growth of dollar since 2016 has been recorded. The American currency has overcome a mark of 70 rubles. Later dollar exchange rate has decreased to 69,88 rubles, but the impetus to discussion of prospects of an exchange rate of ruble in relation to US dollar is given. It is obvious that depreciation of currencies of developing countries (including Russian ruble) will continue if these countries are pr

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