This 2015 emerging market crisis has the potential to become worse than the Asian currency crisis of 1997/98 as it is impacting global equity markets across the globe. Bernd Berg More Quotes by Bernd Berg More Quotes From Bernd Berg Fed expectations may get pushed out but the problem for emerging markets is the data won't change the Fed's direction, what will trigger a real rally will be a move to a neutral or easing policy stance but for that we will need to see weeks and months of very bad data. Bernd Berg company-news Brazil is in a deep economic, currency and confidence crisis. The decline in the currency is unprecedented, similar to the collapse of the (Russian) rouble last year ... accordingly CDS are jumping and bond yields are rising. Bernd Berg company-news What we see is a dollar move, massive dollar buying from real money as well as hedge funds. It's being bought all across the board versus all currencies and those relying heavily on short-term inflows are being hit the hardest. Bernd Berg company-news
