Sunday, November 23, 2008

Emerging Market Debt Costs Jump in Week, Hastening IMF Bailouts

http://www.bloomberg.com/apps/news?pid=20601086&sid=aIJif6jqDY3U&refer=news

``Clearly we are in the early stages of a crisis in emerging markets,'' said Neil Dougall, head of emerging-market research at Dresdner Kleinwort in London. ``The fact we have already seen $80 billion penciled in for possible dispersion indicates that the IMF is going to be facing quite significant pressure.''

Yep and it is going to be very bad.

No comments: