I don't think the impact will be significant to frontier markets. You will be surprised next year emerging markets' performance outstriping analysts who have warned of local currency meltdown and financial earthquake in capital markets. Fed rate hike of 25 basis points is not strong enough to give US dollar muscles to trounce other currencies. Capital outflow will remain minimal however the real challenge is debt management by third world countries because of large mounts in their books. As for debt I am left worrisome of the spiral effect on the balance of account expected to skyrocket its deficit.

Though not all exposure is 'negative' and a lot of it may cancel out.

Some good number of greens today

[quote=Sober]Articles I am reading this afternoon

1. http://www.standardmedia...rformance-in-four-years

2. http://www.standardmedia...wipes-out-sh250-billion[/quote]
paper losses, so for those who have stayed put when will the reverse happen?jimnah mbaru tweets around this time,the first 5 gainers today did the allowed daily maximum according to mystocks

@Hisah - I am skeptical if Kenya will see a deflation despite lower commodity [steel, copper, oil] prices due to profligate behavior by GoK.

The strong USD will push up the import bill for goods other than commodities which creates push inflation.

Equities, in general terms, will suffer which is why I am very selective in what I buy. Of course, I could buy wrong as well.