(Bloomberg) Early Monday morning, one of the world’s most profitable currency trades unraveled, done in by a twist in Mexican elections few saw coming. Twenty hours later, investors in India started frantically dumping stocks, triggering a one-day, $386 billion wipeout, when they realized they had badly miscalculated the scope of Narendra Modi’s election victory.Most Read from BloombergBehind ‘Suicide Squad,’ the Year’s Biggest Video-Game FlopReal Estate Investors Are Wiped Out in Bets Fueled
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Charting the Global Economy: Easing G-7 Inflation Will Be Uneven
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AMLO s Successor Will Inherit a Slowing Economy as Mexico s Spark Fades
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Emerging Powers and the Future of American Statecraft
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