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IMF Warns About Emerging Markets: Hello “Always Late” IMF, Global Crisis Coming

by Mike ‘Mish’ Shedlock
Mish Talk

The IMF is finally warning that there may be an emerging market crisis. Hello IMF, it’s already here. Look ahead.

The IMF is perpetually late in its forecasts. Here’s the latest hoot: IMF Warns of Possible Emerging-Markets Crisis.

A new study by the International Monetary Fund projects emerging economies will muddle through recent market turbulence without a severe shock to their financial systems, but flags an outside chance of a crisis.

In a “severely adverse” scenario, the IMF says capital could flood out of countries at a pace not seen since the 2008 global financial crisis.

Outside Chance of a Crisis? What the Hell?

Argentina and Turkey are both in a full-blown crisis. So is Pakistan which last week went to the IMF for help.

Continue Reading at MoneyMaven.io…

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