A money manager sent us his top chart for 2016 — and it could be a cue for 'thunder'
|01/03/2016||Posted by BusinessMediaguide.Com under General World News||
If you thought 2015 was the bottom for emerging market economies, think again.
Things will only get worse for Brazil, Russia, India and China – otherwise known as the BRIC countries – in 2016.
That is the year-end thought of Brian Kelly, founder of Brian Kelly Capital, a Connecticut-based investment firm.
He sent Business Insider one chart to illustrate that point. It’s the US dollar versus BRIC country currencies.
“In particular, look at how much the Ruble, Rupee, and Real have depreciated while the RMB has just begun its depreciation. This means there is a lot more volatility to come in 2016,” said read more >>>
Source : BusinessInsider.Com