Wobbling into crisis

This week’s antics in emerging markets just prove the truth of the old market saying: “money goes where it’s treated best”. When yields the world over are being squeezed lower as printed money chases asset prices higher, investors have to travel far to find acceptable returns.

If that means lending to Rwanda for ten years at a rate of just under 7% (as investors did last April), so be it. What could go wrong in a world propped up by endless quantitative easing (QE)?

But when there’s even a hint that the squeeze on yields might stop – [...]

MoneyWeek magazine

Latest issue:

Magazine cover
A new dawn for energy

Our experts pick the stocks to buy

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

FREE REPORT:
What you should really do with your money (2014 Edition)


How to buy and sell penny shares

A beginner's guide to investing in gold

How to invest in British fracking