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Posts Tagged ‘emerging economies handling economic turmoil’

NoQuarter Radio’s Sense on Cents with Larry Doyle

Posted by Larry Doyle on July 25th, 2009 10:07 PM |

UPDATE: The show has concluded, but you can listen to a recording in its entirety by clicking the Play button on the audio player below. Once the playback has started, you can fast forward or rewind to any portion of the show by clicking at any point along the play bar.

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Please join me this Sunday evening July 26th from 8-9pm for my weekly internet radio show, No Quarter Radio’s Sense on Cents with Larry Doyle. For our newer readers and listeners, this show is a weekly one hour discussion, commentary, and review of the markets, economy, and world of global finance. Call-ins and a chat room promote active Q/A.

This week I have a very special guest. Allow me to introduce a man who, in the world of international finance, needs no introduction: Dr. Paulo Vieira da Cunha, renowned emerging market economist of Tandem Global Partners.

Former Deputy Governor of the Central Bank of Brazil and one of three Monetary Policy Committee Members, Dr. Vieira da Cunha was Brazil’s representative at the G-20 meeting of Central Bank Governors and Finance Ministers until January 2008. Dr. Vieira da Cunha is a visiting scholar at Columbia University and a consultant to the International Monetary Fund (IMF).

For nearly a decade, he produced and managed research on Latin America for the global securities industry, first at Lehman Brothers and later at HSBC where he managed research teams in Buenos Aires, Mexico City, New York, and Sao Paulo.

Dr. Vieira da Cunha had a distinguished career at the World Bank where he was Senior Adviser to the Chief Economist, Nobel Laureate Joe Stiglitz from 1993 to 1996. From 1996 to 1998 he was the Lead Economist for Mexico and also had operational assignments on Russia, Turkey, and Uganda.

Prior to joining the World Bank, he was the CFO of a large state enterprise in the state of Sao Paolo (Prodesp) as well as advisor to the Secretary of Budget and Finances on the issues of renegotiation of domestic and foreign debt. Earlier in his career he held senior positions in the government of the State of Sao Paolo.

To say that I am excited to have Dr. Vieira da Cunha on NQR’s Sense on Cents with Larry Doyle this Sunday evening would be a gross understatement. With the emerging markets leading the world at this juncture, there is much to navigate in this sector of our economic landscape. Dr. Vieira is uniquely qualified to provide perspectives and insights not commonly found.

Please spread the word.

LD

Change, Change, Change

Posted by Larry Doyle on May 26th, 2009 7:46 AM |

How are we as a nation handling the changes going on in our country?

Change is stressful, especially when the change is involuntary. The ability to adapt to change is critically important in order to minimize the stress, maximize the opportunities, and move forward in life. The ability to adapt to change and prosper from it is the premise for one of my recommended books in the Sense on Cents Reading Room, Who Moved My Cheese?: An Amazing Way to Deal with Change in Your Work and in Your Life by Spencer Johnson, M.D.

I first read this book in early 2001 prompted by the merger of Chase Manhattan and JP Morgan. Dare I say the changes ongoing in our economy and world render the merger of two large banks rather pedestrian. That said, the lessons in Johnson’s book apply to professional and personal situations. I have recommended this book often.

I was reminded of Johnson’s Who Moved My Cheese? this morning when reading an article in the Financial TimesWhen Austerity Does Not Come Easily:

When the global economic crisis first hit, it was natural to assume that the poorer and more recent democracies would be most vulnerable to a political backlash.

But perhaps we are looking for trouble in the wrong places. It could be that it will be the richer democracies, such as Britain and the US, that find it most difficult to adapt to the politics of austerity.

While this message is neither pleasant nor easily broached, I truly appreciate it and commend Gideon Rachman for writing about it. In regard to change, our country needs to initially understand, willingly accept, hopefully embrace, and then boldly move forward. I think we are still in the very early stages of the “initially understand” phase.

While the Obama administration has put forth large measures and grand programs under the guise of change, I view many of these measures as “more of the same.” That is, inflated government spending and bureaucracy to facilitate living beyond our means. The simple fact is, a country, corporation, municipality, or individual that perpetually lives with an excessive and growing debt burden is postponing and potentially eliminating the chance for real prosperity.

Market analysts, media mavens, and government officials regularly call for an end to our recession in 2009 and a return to “normal.” I view this time in dramatically different fashion. I believe we are experiencing not only an economic test, but also a test of national character. (more…)






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