With August and a week of tremendous market volatility behind us, it is worth asking whether this new month will bring a return to stability and perhaps even an opportunity to get back into beaten-down emerging market assets.
That depends on a host of factors — from US interest rates to the prospect for oil prices — but a big part of the answer is the outlook for China.
And that outlook remains very risky in the opinion of Medley Global Advisors, a macro research service owned by the Financial Times.
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