Indonesia's President Moves to Control the Central Bank. The Red Flags for Other Markets.
1. Indonesia launched a $1 billion stimulus to stabilize its rattled markets. 2. Protests stem from economic dissatisfaction and a controversial housing allowance. 3. Finance minister was fired, raising concerns about central bank independence. 4. The Indonesian stock market sees significant outflows, particularly from foreign investors. 5. Other emerging markets may face caution due to Indonesia's instability.