Russian default would create havoc on emerging markets and china

This guy is saying a Russian default would hit all emerging markets and Europe. And this is all while the fed believes they can still raise rates. Go powell and friends. Keep thinking you can raise rates now in a market environment and economy thats headed for a recession and and maybe a depression. Good timing...maybe they can offer more QE and hand out more free trillions like they have the last 25 years to prop up markets and inflate their way out of each and every crisis. Like I said before the fed has created the next crisis.


Economist Stephen Roach warned effects from any default on Russia’s sovereign debt as a result of the Ukraine crisis would spill over to emerging markets, including China.



https://www.cnbc.com/2022/03/07/ste...ult-would-hit-emerging-markets-and-china.html

 

Too big to fail. We should all donate tax dollars.

 

...which would create havoc everywhere else.

 

Russia is already defaulting. Its rating is Ca and the biggest companies (Rosneft) have failed bond payments already.

 

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Good points\ that evil empire\russia was in worse shape than i thought.
But i'm glad i paid that USa woman wha had a russian background to do some numbers work for me. NOT an ad for russian bonds or russian debt\LOL[Edit that USa fund manager who traded russian markets years ago told Jack Schwager many of those russian companies secretly send much of their money to Swiss banks]