Monday, November 3, 2014

Emerging markets will get hit if Fed raises interest rates

Emerging markets will get impacted from the US Federal Reserve interest rate hike. Last year, it scared lot of people, including the best of the emerging markets, when the tapering of quantitative easing was announced. 

When the market goes down by a fair amount, central banks will panic, and they will say "Don't worry, we will help you". Yes, it's going to affect everybody, especially the emerging markets.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.