Record High Debt + Record Low Interest Rate = Explosive Combination
Friday, January 24, 2014
Argentine Peso Leads Emerging-Market Currency Rout as Lira Sinks ......Bloomberg
Argentina devalued the peso,
allowing it to plunge the most in 12 years, and Turkey’s lira
tumbled to a record as the emerging-market currency selloff
deepened amid slowing growth and rising social tension.
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