EM Debt Lures Income Hunters

Source:Barron's Date:01Apr2017

This is a sample of the kind of article that actually scares me very much, being a contrarian. It is representative of my Google search on EM articles nowadays. The financial press can’t say enough of EM assets.  Money is piling in very fast, according to IIF, valuations in F/X and fixed income are getting rich, while the structural deficiencies and lack of political reform momentum gets short shrift.  EMs might suffer a disappointment soon, as Fed changes plans, or China collapses  under its massive burden of debt.