Desmond Lachman

Desmond Lachman
Born1948[2]
South Africa[2]
Academic career
Institutions
Alma mater
Information at IDEAS / RePEc
WebsiteDesmond Lachman

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 Managing Director and Chief Emerging Market Strategist at Salomon Smith Barney (1996–2003), and a Fellow at the American Enterprise Institute (2003–).[2][1] Lachman has served as an adjunct professor at Johns Hopkins University (2009), and Georgetown University (2010).[1]

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.[2] 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.[3] In 2016, Blustein said "Some of his direct forecasts have proven perspicacious and have come well ahead of the pack".[4]

Lachman is a frequent opinion contributor in the main financial media, including the Financial Times,[5] The Wall Street Journal,[6] and Bloomberg,[7] as well as for the wider national media such as for The Hill,[8] for U.S. News,[9] for Fox News,[10] and for CNN.[11]

He is also regularly interviewed for his views on emerging markets in the financial media, such as in Barron's,[12] CNBC,[13] and the Economist.[14] Lachman is interviewed on general economics for the wider non-financial national media such as for USA Today,[15] for BBC News,[16] and for NPR.[17][18]

In 2011, BBC's Newsnight, named Lachman's graph of 10-year euro yields as their "Chart of the Year", from submissions by leading economists.[19][20]

  1. ^ a b c d "Hearing before the Subcommittee on Monetary Policy and Trade: What is Central about Central Banking?". United States House Committee on Financial Services. 13 November 2013. Retrieved 10 February 2021. Biography: Desmond Lachman
  2. ^ a b c d Blustein, Paul (March 2006). "Chapter 4: Enronization". And the Money Kept Rolling In (and Out): Wall Street, the IMF and the Bankrupting of Argentina. PublicAffairs. ISBN 978-1586483814.
  3. ^ Editorial (30 March 2011). "Former IMF Official Sees New Bank Crisis". Bloomberg Law. Retrieved 11 February 2021.
  4. ^ Blustein, Paul (November 2016). Laid Low: Inside the Crisis That Overwhelmed Europe and the IMF. McGill-Queen's Press - MQUP. p. 50. ISBN 978-1928096252. Retrieved 10 February 2021.
  5. ^ Lachman, Desmond (9 August 2019). "The basic reason China is averse to US bond sales". Financial Times. Retrieved 10 February 2021.
  6. ^ Lachman, Desmond (14 January 2019). "Debt Denial Is a Threat to America". The Wall Street Journal. Retrieved 10 February 2021.
  7. ^ "Contributions: Desmond Lachman". Bloomberg. 15 October 2019. Retrieved 10 February 2021.
  8. ^ Lachman, Desmond (14 October 2020). "A wake-up call from the IMF". The Hill. Retrieved 10 February 2021.
  9. ^ "Desmond Lachman, Opinion Contributor". U.S. News & World Report. Retrieved 10 February 2021.
  10. ^ "Contributor: Desmond Lachman". Fox News. Retrieved 10 February 2021.
  11. ^ Lachman, Desmond (30 December 2011). "Why European loans could hurt U.S. taxpayers". CNN. Retrieved 10 February 2021.
  12. ^ Struss, Lawrence (2 September 1998). "Impact of Russia's Crisis Could Linger". Barron's. Retrieved 10 February 2021.
  13. ^ Levingston, Ivan (8 June 2016). "Experts offer some praise for Puerto Rico bill in Congress". CNBC. Retrieved 10 February 2021.
  14. ^ Washington, R.A. (21 April 2010). "Interview with Desmond Lachman: Greek Debt, Picking up momentum". Economist. Retrieved 10 February 2021.
  15. ^ Davidson, Paul (1 December 2020). "Biden set to announce his economic team led by Janet Yellen, who face a dark winter outlook, split Congress". USA Today. Retrieved 11 February 2021.
  16. ^ "Why US rates have a global impact". BBC News. 13 June 2018. Retrieved 10 February 2021.
  17. ^ Talk of the Nation (1 September 1998). "Stock Market". NPR. Retrieved 10 February 2021.
  18. ^ Brand, Madelline (4 September 2007). "'Marketplace' Report: Tackling the Mortgage Crisis". NPR. Retrieved 10 February 2021.
  19. ^ Pryce, Vicky (14 December 2011). "Top Economists Reveal Their Graphs Of 2011". Business Insider. Retrieved 10 February 2021.
  20. ^ Thompson, Derek (21 December 2011). "The Most Important Graphs of 2011". The Atlantic. Retrieved 10 February 2021.