The Phaserl


Charts from the Crisis Countries

by Pater Tenebrarum,

Currencies and Stock Markets of Four Countries in Crisis

Since what is currently happening in a number of emerging market countries is probably more important than one would believe when looking at Western markets, we have picked out four of the countries which are currently experiencing intense pressure in their currencies, debt and stock markets and show their currency and stock market charts below. The countries in question are India, Indonesia, Thailand and Turkey. Brazil and South Africa have also seen their currencies decline sharply, and we will discuss what is happening there in a future update. Essentially the countries with problems all have current account deficits and have seen capital outflows in recent months which have lately intensified greatly. India’s central bank has created a dollar swap line for the country’s largest oil importers, picking winners on the grounds that energy imports are essential.

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