The Indonesia Meltdown Gets Worse

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Aug. 20 (Bloomberg) -- On today's "Global Outlook," Matt Miller reports on the falling rupiah on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Matt miller is here with the global outlook.

You better have a chart.

Let's focus on equities.

They repeat trading at the lowest point.

It is because of the capital outflow, the reason you have seen these stocks falling 20%. in fact a multi-island nation is an official bear market.

So far the indonesian benchmark, is doing even worse than mongolia.

The trouble with indonesia, the fourth most populous country on the globe , with 17,000 in total, everyone else is taking their money elsewhere, switching into whenever they would currently use.

That is why the chart looks like that.

There is an equivalent level of assets and the central bank is one of the main reasons here.

It has already raised rates twice in july.

Yesterday we saw data hitting a record high in the last quarter.

The federal reserve tightened and tapered, as we call the here, they have an inability to deal with their inflation rate and it may provide lessons to other countries if they ever face out of control inflation.

The pain in the emerging markets is becoming more and

This text has been automatically generated. It may not be 100% accurate.

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