When the dollar declines, emerging markets will face economic problems because they are export-dependent on the US and other major economies, and stronger emerging market currencies will reduce their export competitiveness, while global recession will also reduce demand.

causalpending

Speaker

Felix Zulauf

Evidence Quote

when the dollar goes down, emerging markets will have a problem economically. Uh because emerging markets are selling to the US and uh other um um uh major economies. And when their currency goes up dramatically, then it means that they cannot sell as much, and the recession will reduce demand, etc.

Source

Jeffrey Gundlach and Felix Zulauf: The Second Inning of a Major ShiftDoubleLine Capital
Created: 8/12/2026, 6:25:56 PM

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