Fed rate rises could trigger EM crisis: Baur

A crisis flaring up in emerging markets poses the biggest threat to global recovery and US Federal Reserve rate rises could be the trigger, warned Robert Baur, chief global economist at Principal Global Investors. On a recent trip to Hong Kong from the firm’s Iowa headquarters, Baur explained to AsianInvestor why he thinks emerging market equity and debt as asset classes are in for a rough ride. The growth of credit during the boom years in the early part of this century led to …