Jay Newman on the Coming Crisis for Emerging Markets | Odd Lots скачать в хорошем качестве

Jay Newman on the Coming Crisis for Emerging Markets | Odd Lots

There are a lot of challenges facing emerging markets right now. For a start, the dollar has been pretty strong, heaping pressure on governments that have borrowed in a foreign currency. Meanwhile, energy and food prices are soaring. These are two things that emerging markets often have to import, or subsidize for their citizens. Put it altogether and you have a toxic mix facing developing nations, and we've already seen acute problems emerge in Sri Lanka and Lebanon. On this episode, we speak with Jay Newman, a long-time EM debt specialist and a former portfolio manager for Elliott Management. Jay has a wealth of experience in emerging markets -- including successfully going head-to-head with Argentina after the country defaulted on its debt. In this episode, he describes how the world is in for one of the worst EM debt crises in decades, and gives us his thoughts on how foreign investors should approach these markets. He’s just published his first novel, a financial, political thriller: Undermoney.  Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets. Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts #Bloomberg #Podcast #oddlots Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter:   / podcasts   Visit our other YouTube channels: Bloomberg Markets & Finance:    / @markets   Bloomberg Politics:    / bloombergpolitics   Bloomberg Technology:    / bloombergtech   Quicktake Originals:    / bloomberg   Quicktake Now:    / @bloomberg-news   Quicktake Explained:    / bloombergexplained   For coverage on news, markets and more: http://www.bloomberg.com/video