My one-hundredth-and-twenty-first YouTube video “Another Global Financial Crisis?” went up today.
In this week’s video, I’m looking at Sri Lanka’s announcement that it will default on its foreign debt as the canary in the coal mine for a new global financial crisis. A number of negative trends are lining up against emerging markets: the economic fallout of reduced tourism from the pandemic, rising costs for food and fuel, and the Russian invasion of Ukraine. We’ve seen political turmoil in developing markets surge recently, and I think this is an important area to watch with potential implications for a larger financial crisis. The ProShares Short MSCI Emerging Markets ETF (EUM), which inversely tracks emerging markets, is both a way to keep your eye on these developments as well as a possible hedge against the fallout.
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Here’s the link:
