Should you be worried about the emerging-market currency collapse?
Getty Images/Creatas RF
Currencies and stock markets are both falling. But is it something we should worry about? Matthew O’Brien of The Atlantic revealed what’s important to understand when looking at the potential currency collapse and how we’ve already experienced it before in 1997.
“We've seen this movie before,” wrote O’Brien. “It was called the East Asian financial crisis, back in 1997. But, for once, the sequel won't be worse than the original. Emerging markets don't have enough foreign-money debt this time around to make their falling currencies much of a concern. What is a concern is whether their central bankers realize this. They might overreact — they might already be — and raise rates to prop up their currencies, when they should be lowering them to prop up their economies.”
- Closet clutter: How having fewer,...
- Most American high schoolers don't know how...
- The 10 most livable small towns
- Z'Tejas closing after 13 years at The Gateway
- Balancing act: Survey says lack of balance,...
- Sneaky tricks restaurants use to make you...
- Dave Ramsey says: Don't leave an estate with...
- Company plans to hire up to 1,000 new...
- Utah unemployment rate second lowest in... 19
- Most American high schoolers don't know... 8
- Consumers are padding their checking... 2
- Optimism on the rise for job seekers 2
- Teen drivers hike Utah car insurance 89... 2
- Balancing act: Survey says lack of... 2
- Before you head off on your vacation,... 2
- How do Americans use their time? 1