In all three instances the central bank pushed up…

In all three instances the central bank pushed up front-end rates and eventually broke something. In a weaker dollar regime, funds like the VanEck J. P. Morgan EM Local Currency Bond ETF (EMLC) typically flourish. The portfolio is loaded with emerging-market government bonds.

— from The Flight Plan (Purpose/Wisdom/Risk) · How to Listen When the Markets Speak: Risks, Myths, and Investment Opportunites in a Radic

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