The 1998 emerging market contagion in Asia led money to flow into the U.S., fueling the U.S. bubble worse than it would have been, and a similar dynamic is already occurring now with rate increases pushing capital into the U.S. equity market.
causalpending
Speaker
Carol SokoloffEvidence Quote
“I was arguing is going to spread to all emerging countries and they come back to the United States which it did but it fueled all that money came in to the u.s. and fueled the u.s. bubble much worse”
Created: 8/10/2026, 10:51:28 PM
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