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Monthly Review Blog

Capital flight from emerging markets

Capital flight from emerging markets

Financial markets in the so-called ‘emerging economies’ are in turmoil. At the end of May 2022, the Financial Times reported that the return delivered by emerging market (EM) sovereign bonds was around minus 15 per cent for 2022, the worst since 1994.

U.S. Treasury

U.S. Treasury

U.S. Treasury Secretary Janet Yellen is claiming that just because the U.S. GDP report is negative, it does not mean the world's largest economy is in recession, a claim that has no economic foundations whatsoever.