The rising dollar could force international borrowers into a very messy process of deleveraging. There are a number of ways that could play out. Given the size of those loans though, a major blowback on the US and other developed markets should be expected.
Subscribe to Thoughts from the Frontline
Follow Mauldin as he uncovers the truth behind, and beyond, the financial headlines in his free publication Thoughts from the Frontline. The publication explores developments overlooked by mainstream news and analyzes challenges and opportunities on the horizon.