When the dollar soared, a crash in emerging markets was extremely obvious. It has happened several times before under similar circumstances. It doesn&#x27;t take a prodigy to understand how it works, it requires not putting your head into the sand and pretending fake good times (paid for via massive piles of debt and endless rounds of currency debasement) last forever.<p>Who&#x27;s to say most economists are any good at their jobs? Did you see what many of them were saying during the obnoxiously obvious real-estate bubble of 2004-2007? The dotcom bubble? And so on.