5 Quotes by Desmond Lachman
- Author Desmond Lachman
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There are very strong winds of change blowing through the continent of Latin America and they seem to be in somewhat of a left-ward direction.
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- Author Desmond Lachman
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My expectation is that we will see countries lapsing back to some sort of controls on trade, on capital, which isn't going to be too healthy for the global economy.
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- Author Desmond Lachman
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I think what's very disturbing about the present crisis is that there are a number of things going on at the same time, all of which aren't very good. We've got the Japanese yen going to eight-year lows, we've got talk about devaluation in China, we've got Hong Kong coming under attack and we've got a number of other Asian economies just showing incredible signs of weakness.
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There's just a huge amount of money sloshing around looking for a place to go.
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This plays very well politically in those countries. Prepaying the IMF is declaring independence.
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