WSJ: Fed Minutes Deliver Fresh Blow To Emerging Markets

“How much further can these selloffs run? Whatever you think is reasonable, double it. These things always overshoot,” said Stephen Jen, co-founder of hedge fund SLJ Macro Partners in London.

“The timing of the taper doesn’t matter. People are debating September, October or December… give me a break. The economy is turning. Developed-market economies are bottoming out. The monetary policy we have is no longer appropriate, and there will be a gradual shift over time,” he said.

Read the original article on the ‘Wall Street Journal’ website.

Posted on the 22/08/2013 at 8:34am by joana.