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Oil is driving everything and it is still too early to call a peak: Geoff Dennis
https://img.etimg.com/thumb/msid-129070331,width-1200,height-630,imgsize-23076,overlay-etmarkets/articleshow.jpg Independent EM commentator Geoff Dennis says crude is the single variable that matters most right now, with gold approaching a ceiling near $5,000 and emerging market tech stocks showing tentative signs of stabilising. As Asian markets showed early signs of recovery, Geoff Dennis, a…
'Cryptoization' of Emerging Markets Poses Risks to Financial Resilience: Moody's
Cryptocurrency adoption in emerging markets poses risks to monetary sovereignty and financial resilience, credit ratings giant Moody’s Ratings said in a report on Thursday. The risks are most acute in areas where crypto’s use extends beyond investment into savings and remittances, according to the report. Moody’s suggests that higher penetration of stablecoins pegged to the U.S. dollar weaken…
