{"id":57250,"date":"2017-03-29T06:00:37","date_gmt":"2017-03-29T10:00:37","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=57250"},"modified":"2017-03-29T06:00:37","modified_gmt":"2017-03-29T10:00:37","slug":"why-emerging-market-fundamentals-are-positive-for-2017","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2017\/why-emerging-market-fundamentals-are-positive-for-2017.html","title":{"rendered":"Why Emerging Market Fundamentals are Positive For 2017"},"content":{"rendered":"<p>(Harvest) Over the three years of 2013-2015, the cumulative performance of the local currency index was negative 29.6%. Currencies in the index were down on a nominal basis, on average, 50%. Unlike other deeply negative environments for EM, there was not a single blow-up or risk catalyst like the Mexican peso crisis of 1994, the Asian financial crisis of 1997, or a US equity crash. It was just a slow painful bleed that by contrast seemed to happen in a somewhat stealthy manner. That, and the fact that there was no serious default or credit crisis in the asset class, allowed this period to go under-appreciated as a painful adjustment phase. But quietly painful it was, and broadly speaking foreign exchange reserves fell, inflation rose sharply and interest rates had to rise in response, with growth also declining. <\/p>\n<p><a href=\"https:\/\/www.hvst.com\/posts\/88611-why-emerging-market-fundamentals-are-positive-for-2017\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Harvest) Over the three years of 2013-2015, the cumulative performance of the local currency index was negative 29.6%. Currencies in the index were down on a nominal basis, on average, 50%. Unlike other deeply negative environments for EM, there was [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57250","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=57250"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57250\/revisions"}],"predecessor-version":[{"id":57251,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57250\/revisions\/57251"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=57250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=57250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=57250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}