We Should Be Worried About EM at Large, not Just Turkey, Says CCLA's Bevan

The video discusses the current state of financial markets, focusing on the lack of stress indicators like Libor and Ted spreads during the crisis in Turkey. It highlights concerns about emerging markets due to potential liquidity and credit squeezes as the Federal Reserve and Treasury adjust their policies. The discussion shifts to investment strategies, emphasizing selective investments in emerging markets, such as Taiwan Semiconductor and Brazilian utilities, while noting the undervaluation of emerging markets compared to the S&P.

What is the significance of the Libor and Ted spreads mentioned in the context of financial stress?

In what ways does the speaker believe the Federal Reserve's actions will impact emerging markets?