Credit Crunch beschleunigt? (Subject: Emerging markets getting crushed today)

verfasst von netrader, 20.06.2002, 22:11

Interessantes vom USAGOLD-Forum

YGM (6/20/02; 10:48:48MT - usagold.com msg#: 78625)
THIS JUST IN FROM A NEW YORK BROKER FRIEND..........
And he does know his business!!!!


Subject: Emerging markets getting crushed today

Brazil concerns finally taking their toll on emerging market debt.
Huge sellers coming out in Brazil, Russia, Turkley, Bulgaria, Peru,
Ecuador, Mexico... holy shit, i haven't seen anything like this in
ages, not even when Argentina defaulted last year. I wanted to sell
some funky credit derivative crap earlier, and there were no bids.
Not a low bid. Just no bid. scary shit.

This is getting a bit scary, it's a eerily similar to the Russian
default crisis in '98. If Brazil blows, things will get ugly all
over the world. another year without a bonus, maybe even out of a
job. Uruguay just floated their currency 5 minutes ago, too.

Hang on to your hats...



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• Credit Crunch beschleunigt? (Subject: Emerging markets getting crushed today) - netrader, 20.06.2002, 22:11