AsiaTimes/William Pesek/7-28-2022
“Economist Jonathan Fortun at the Institute of International Finance views these actions as part of a perfect storm of risk for markets everywhere. ‘Mounting global recession risk is weighing on emerging market flows as anxiety builds over geopolitical events, tighter monetary conditions and realized inflation,’ Fortun says. ‘The continued volatility in equity markets has hurt the outlook considerably.’”
USAGOLDL note: We all tend to focus on our personal vulnerabilities with respect to the current economic mess no matter in which country we happen to enjoy citizenship. But as Fortun points out, the risks are global. In this article, Pesek says Asia is directly in harm’s way and blames the Fed for its predicament. Beware the black swan……
