Desmond Lachman (born 1948), is a South African-born economist and finance author, who was a senior advisor (1984–1994) and then Deputy Director (1994–1996) at the
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...
, the Managing Director and Chief Emerging Market Strategist at
Salomon Smith Barney
Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York. It was one of the five largest investment banking enterprises in the United States and the most profitable firm on Wall Street dur ...
(1996–2003), and a Fellow at the
American Enterprise Institute
The American Enterprise Institute for Public Policy Research, known simply as the American Enterprise Institute (AEI), is a center-right Washington, D.C.–based think tank that researches government, politics, economics, and social welfare. A ...
(2003–).
[ Lachman has served as an adjunct professor at ]Johns Hopkins University
Johns Hopkins University (Johns Hopkins, Hopkins, or JHU) is a private research university in Baltimore, Maryland. Founded in 1876, Johns Hopkins is the oldest research university in the United States and in the western hemisphere. It consi ...
(2009), and Georgetown University
Georgetown University is a private university, private research university in the Georgetown (Washington, D.C.), Georgetown neighborhood of Washington, D.C. Founded by Bishop John Carroll (archbishop of Baltimore), John Carroll in 1789 as Georg ...
(2010).[
In 2006, Paul Blustein of the ''Wall Street Journal'' said Lachman "distinguished himself amongst other analysts" in predicting that Argentina would be eventually forced to default on its debts.][ In 2011, ''Bloomberg'' credited Lachman with predicting the global credit crisis and the credit issues that the Euro currency would create amongst some member states. In 2016, Blustein said "Some of his direct forecasts have proven perspicacious and have come well ahead of the pack".
Lachman is a frequent opinion contributor in the main financial media, including the '']Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Ni ...
'', ''The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'', and ''Bloomberg Bloomberg may refer to:
People
* Daniel J. Bloomberg (1905–1984), audio engineer
* Georgina Bloomberg (born 1983), professional equestrian
* Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and m ...
'', as well as for the wider national media such as for '' The Hill'', for ''U.S. News
''U.S. News & World Report'' (USNWR) is an American media company that publishes news, consumer advice, rankings, and analysis. It was launched in 1948 as the merger of domestic-focused weekly newspaper ''U.S. News'' and international-focused ...
'', for ''Fox News
The Fox News Channel, abbreviated FNC, commonly known as Fox News, and stylized in all caps, is an American multinational conservative cable news television channel based in New York City. It is owned by Fox News Media, which itself is owne ...
'', and for ''CNN
CNN (Cable News Network) is a multinational cable news channel headquartered in Atlanta, Georgia, U.S. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable news channel, and presently owned by ...
''.
He is also regularly interviewed for his views on emerging markets in the financial media, such as in ''Barron's Barron's or Barrons may refer to:
*Barron's Educational Series, a publisher of books, as well as college entrance exam preparation classes and materials, now an imprint of Kaplan Test Prep
** B.E.S. Publishing, the former owner of Barron's
* ''Barr ...
'', ''CNBC
CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sho ...
'', and the ''Economist
An economist is a professional and practitioner in the social science discipline of economics.
The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...
''. Lachman is interviewed on general economics for the wider non-financial national media such as for ''USA Today
''USA Today'' (stylized in all uppercase) is an American daily middle-market newspaper and news broadcasting company. Founded by Al Neuharth on September 15, 1982, the newspaper operates from Gannett's corporate headquarters in Tysons, Virgi ...
'', for ''BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broad ...
'', and for ''NPR
National Public Radio (NPR, stylized in all lowercase) is an American privately and state funded nonprofit media organization headquartered in Washington, D.C., with its NPR West headquarters in Culver City, California. It differs from other ...
''.
In 2011, BBC's ''Newsnight
''Newsnight'' (or ''BBC Newsnight'') is BBC Two's news and current affairs programme, providing in-depth investigation and analysis of the stories behind the day's headlines. The programme is broadcast on weekdays at 22:30. and is also availa ...
'', named Lachman's graph of 10-year euro yields as their "Chart of the Year", from submissions by leading economists.
Published works
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*
See also
*Argentine debt restructuring
The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst e ...
*Everything bubble
The expression "everything bubble" refers to the correlated impact of monetary easing by the Federal Reserve (and followed by the European Central Bank and the Bank of Japan) on asset prices in most asset classes, namely equities, housing, bon ...
*Greek government-debt crisis
Greece faced a sovereign debt crisis in the aftermath of the financial crisis of 2007–2008. Widely known in the country as The Crisis ( Greek: Η Κρίση), it reached the populace as a series of sudden reforms and austerity measures that ...
References
External links
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{{DEFAULTSORT:Lachman, Desmond
1948 births
20th-century South African economists
Alumni of the University of Cambridge
University of the Witwatersrand alumni
International Monetary Fund people
South African financial analysts
21st-century South African economists
Citigroup people
Georgetown University faculty
Johns Hopkins University faculty
Living people