Bank of India Governor Rajan on impacts of Global Policy Breakdown

India central bank Governor Raghuram Rajan talks about interest rates, fund outflows, the rupee and global monetary policy coordination and the damage QE-driven speculative money flows have had both flooding into emerging markets and as they now rush out. Here is a direct video link.

I can’t help but recall some comments made by a certain aged mut-fund patriarch I was on a panel with last fall here, challenging my comments on the risks of hot money flows in global markets. He insisted that there was no such thing and embarrassingly read a McKinsey report as the authority (hired research) asserting emerging market growth would continue to drive rabid demand for commodities. HHMMMMM….

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